Core Scientific (CORZ) Mined 1,121 Bitcoins in April

Core Scientific, Inc. (NASDAQ: CORZ) today announced production and operations updates for April 2022.

“We expanded both our self-mining and hosting businesses in the month of April, producing 1,121 bitcoins for our own account and operating 8.1 EH/s for our hosting customers,” said Mike Levitt, Core Scientific Chief Executive Officer. “Our team remains focused on operational excellence as we build our footprint to achieve our 2022 operating objectives.”

Self-Mining

Core Scientific’s self-mining operations produced 1,121 bitcoins in April, averaging 37.4 bitcoins per day, an increase from March’s daily average of 36.9. As of April 30, 2022, the Company held 9,618 bitcoins produced from operations.

As of April month end, Core Scientific operated its own fleet of more than 85,000 bitcoin miners, producing 8.9 EH/s. In early April, Core Scientific became one of the first companies in the digital asset mining industry to post daily bitcoin self-mining production on its corporate website, http://www.corescientific.com.

Hosting

In addition to its self-mining fleet, as of April 30, 2022, Core Scientific provided infrastructure, technology and operating support for a growing, diverse group of customers representing 8.1 EH/s.

Infrastructure

Core Scientific continued the development and expansion of its operations in Texas, while data centers owned and operated by the Company in Georgia, Kentucky, North Carolina and North Dakota continued to operate as expected.

Grid Support

In the month of April, the Company powered-down a portion of its data center operations in Texas on six occasions for a total of 220 megawatt hours. Core Scientific will continue to work with the communities and utility companies in which it operates to enable and ensure electrical grid stability.

Upcoming Conferences

Core Scientific management will participate in the following upcoming investor conferences:

• Jefferies virtual Metaverse and NFT Summit on May 19
• H.C. Wainwright Global Investment Conference on May 24 (virtual)
• B. Riley Securities 22nd Annual Institutional Investor Conference on May 25 and 26 in Beverly Hills
• D.A. Davidson Bitcoin and Blockchain Investor Conference on June 2 in New York City

Links to available webcasts of management presentations or panel discussions at these conferences will be posted to the Investors section of the Core Scientific website: https://investors.corescientific.com/investors/events-and-presentations/default.aspx.

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