Core Scientific debtors report operating results for November

By Sarah Lizee

Olympia, Wash., Jan. 2 – Core Scientific, Inc. and affiliated debtors reported their operating results for November in a monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.

Core Scientific Acquired Mining LLC reported a $2.9 million operating income on $2.91 million total revenue. The net income for November was $2.9 million. The debtor had a cash balance of $792,697 at the end of the month.

Meanwhile, Core Scientific Operating Co. reported a $3.27 million operating income on $43.46 million total revenue, with a $30.63 million cost of revenue. The net loss for the period was $7.27 million. The debtor had a cash balance of $55.95 million at the end of the month.

Elimination Co. reported a $1.81 million operating loss on negative $1.81 million total revenue. The net loss for the period was also $1.81 million. The cash balance at the end of the month was zero.

Core Scientific is an Austin, Tex.-based Bitcoin mining company that filed bankruptcy on Dec. 21, 2022 under Chapter 11 case number 22-90341.

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