What's Going On With Core Scientific Stock Monday?

Core Scientific Inc CORZ shares are seeing increased attention in early trading. The company on Monday announced a production and operations update for September.

What Happened: Core Scientific said it mined 345 Bitcoin BTC/USD in September, bringing its total Bitcoin mined year-to-date up to 5,621. The company also noted that clients mined an estimated 66 Bitcoin in its data centers last month.

Core Scientific had a total energized hash rate of 20.4 EH/s in its data centers during the month. Its total energized hash rate for self-mining and hosting was 23.4 EH/s. The company sold approximately 370 Bitcoin last month for total proceeds of approximately $22.2 million.

“In September, we completed the migration of all ASIC miners from two of our bitcoin mining data centers designated for HPC conversion. Our team is now diligently removing the associated cabling, power distribution units, racks and other mining infrastructure to facilitate this transformation,” said Adam Sullivan, CEO of Core Scientific.

“We remain committed to delivering powered infrastructure equipped with advanced liquid cooling systems, specifically optimized for AI GPU cloud workloads, for our HPC customer beginning in the first half of 2025.”

Core Scientific noted that it reduced the consumption of power at its data centers on multiple occasions during the month, delivering 45,262 megawatt hours to local electrical grids. The company said it resumed work in Muskogee, Oklahoma in September to support a 100MW data center planned for construction on the site.

Core Scientific shares may also be getting a lift from a rise in the price of Bitcoin over the weekend. Bitcoin was up 1.07% over a 24-hour period, hovering around $62,850 at the time of publication, per Benzinga Pro.

See Also: Bitcoin, Ethereum, Dogecoin End The Week With Strong Gains: ‘Summer Lull Seasonality Over, Q4 Bull Seasonality Is In,’ Says Trader

CORZ Price Action: Core Scientific shares were up 0.16% at $12.21 at the time of publication, according to Benzinga Pro.

Photo: Shutterstock.