US blockchain hosting provider Core Scientific has started reporting on the amount of mined crypto on a daily basis. The company has explained the move as a desire to become more transparent to shareholders and other stakeholders.
The company CEO Mike Levitt has explained:
“We believe that the daily Bitcoin production rate is one of the most important performance metrics in our industry. Disclosure of daily production provides transparency to our shareholders and other stakeholders.”
The company reports the daily output on its website. The data is updated every day. During the current reporting period, the provider has mined 36.8 BTC worth $1.5 million.
Core Scientific became a public company in January through a reverse merger with SPAC. Its shares are traded on the Nasdaq stock exchange under the ticker CORZ.