Core Scientific Announces Production and Operations Updates for August 2024 Page 1

Core Scientific (Nasdaq: CORZ) is a leading provider of digital infrastructure for Bitcoin mining and high-performance computing. (Photo: Business Wire)

“Our team has been very busy preparing some of our sites for retooling to support our HPC hosting contracts and optimize operations at our Bitcoin mining sites,” said Adam Sullivan, CEO of Core Scientific. “We removed Bitcoin mining infrastructure from two of our existing facilities in preparation for selective interior demolition and redeployed the miners removed from those facilities at our Bitcoin mining sites. The sequential decline in self-mined Bitcoins earned resulted from a combination of miners migrating to their new data centers and the continued growth of global network hash rate and difficulty.”

“We have a lot of work ahead of us as we focus on delivering 382 contracted megawatts of infrastructure for HPC by 2026 and aim to secure additional sites for new customers this year. Our team is committed, aligned and excited about the future of Core Scientific.”