Core Scientific stock gains as bitcoin production climbs to 1,077 in January

Core Scientific (NASDAQ:CORZ) shares rise more than 5% as the company's bitcoin (BTC-USD) production and hash capacity grew in January. Bitcoin's (BTC-USD +4.9%) rally to $43.3K is likely helping push up CORZ's stock price as well. It mined 1,077 bitcoins (BTC-USD) in January, up from 1,044 in December, and held 6,373 bitcoins produced from operations. The company operated its own fleet of more than 75,000 bitcoin miners, producing 7.5 exahash per second vs. 6.6 EH/s in the previous month. It also provided infrastructure, technology and operating support for a diverse group of customers representing 7.1 EH/s. Meanwhile, in response to weather conditions, the Texas-based company powered-down a portion of its operations on four separate occasions in January. Recall last week when Riot Blockchain (NASDAQ:RIOT) shut down its Texas facility due to cold weather. Previously, (Jan. 5) Core Scientific held a total of 5,296 BTC in December.