Core Scientific Begins Reporting Daily Bitcoin Mining Production

Earlier in April, a project by Block, Blockstream, and Tesla project revealed plans to publish real-time mining data.Read MoreFeedzy

Core Scientific (CORZ), the world’s largest publicly traded bitcoin mining company, has begun reporting daily production figures on its website in a move to improve transparency for its shareholders and other stakeholders.

The figure is “one of the most important performance measures in our industry,” said the company’s CEO Mike Levitt in a press release. Core Scientific is the first publicly traded miner to report the amount of bitcoin it mines on a daily basis, according to Core Scientific co-founder and co-chairman Darin Feinstein.

Core Scientific mined 36.8 BTC (roughly $1.5 million) yesterday, its website says in the upper left corner. The number will update every day at 12:00 p.m. EST (16:00 UTC).

Stock exchange-listed bitcoin mining firms usually report monthly figures such as the total or the daily average of bitcoin mined, as well as hashrate and crypto held in their treasury. Core Scientific did not indicate that they have plans to publish any daily metrics other than production figures.

Meanwhile, a separate push for more mining transparency from blockchain technology firm Blockstream and Jack Dorsey’s Block (SQ) plans to give a lot more information about their mining operations. The pair have announced that a small bitcoin mine powered by solar panels and Tesla batteries will be revealing real-time data on a dashboard, including the site’s energy consumption and hashrate.

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