Core Scientific eyes sale of up to 1 gigawatt worth of facilities amid bankruptcy

12/21 23:52

According to The Block, Core Scientific may sell up to 1 gigawatt worth of its sites under development after filing for Chapter 11 bankruptcy protection. "The likelihood of us selling assets that we currently are operating at is close to zero," Russell Cann, chief mining officer, said. "The likelihood of us selling assets that are under development where we have power capacity and land and substations is high." Core Scientific is currently the largest company in the space, mining with about 800 to 850 megawatts worth of power, Cann said. It won't sell any of those sites, nor will it sell machines. The sites it might sell are an extra gigawatt on top of that and were supposed to come online in 2023.

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