Core Scientific debtors report operating results for February

By Sarah Lizee

Olympia, Wash., May 1 – Core Scientific, Inc. reported a zero net profit and zero gross income/sales for February, according to its monthly operating report filed Saturday with the U.S. Bankruptcy Court for the Southern District of Texas.

Core Scientific had a cash balance of $12.68 million at the end of the month.

The Core Scientific Operating Co. debtor reported a $12.85 million net profit on $35.95 million of gross income/sales, and a cash balance of $49.28 million at the end of the month.

Core Scientific Acquired Mining LLC reported an $823,199 net loss on $2.54 million of gross income/sales, and a cash balance of $2.1 million at the end of the month.

The Radar Relay, Inc. debtor reported a $6,500 net loss on zero gross income/sales, and no cash at the end of the month.

Core Scientific is an Austin, Tex.-based Bitcoin mining company. The company filed bankruptcy on Dec. 21 under Chapter 11 case number 22-90341.

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