Bitcoin mining giant CoreScintific became North America’s largest publicly listed mining company in 2023 after mining 19,274 BTC worth $812 million last year.

In an X post on Jan. 31, the Bitcoin mining giant revealed that they mined 13,762 Bitcoin on their own across their data centers across Georgia, Kentucky, North Carolina, North Dakota and Texas, while customers and clients mined a total of 5,512 BTC in 2023, making them the largest Bitcoin miner in North America. The firm operated approximately 209,000 owned and colocated Bitcoin miners. The firm total energized hash rate stood at 23.2 EH/s at its data centers last year.

In 2023, Core Scientific produced 19,274 Bitcoin, comprising 13,762 self-mined and 5,512 client-mined in our data centers, making us the largest listed producer of #Bitcoin in North America!

As every miner’s performance is crucial to our success, we have teams monitoring our… pic.twitter.com/ko9Ms9kyCo

— Core Scientific (@Core_Scientific) January 31, 2024

The company also shared its yearly mining report , revealing that it has reduced power consumption at its data centers. They delivered 480 megawatt hours to local grid partners in December and delivered a total of more than 131,000 megawatt-hours to local grid partners throughout 2023.

Bitcoin mining is the process of verifying transactions on the blockchain. The mining is done using hardware and software to generate a cryptographic hash that matches the transaction hash criteria. Miners who verify these transactions receive BTC as a reward for each mined block. Currently, the BTC reward per block is 6.25 BTC

CoreScintifc had a rollercoaster ride as a mining company; the firm filed for Chapter 11 bankruptcy in December 2022 amid a prolonged crypto winter that saw BTC prices fall to new yearly lows. In June 2023, the firm submitted its Chapter 11 bankruptcy plan , vowing to make a strong comeback. A Chapter 11 bankruptcy allows a firm to continue operations until stakeholders agree on a restructuring plan.

Related: Marathon gears up for Bitcoin halving, buys two mining sites for $179M

A year later, in December 2023, the firm announced its plans to exit bankruptcy and relist its share for public trading. On Jan. 27, the firm eventually relisted its share on Nasdaq.

Welcoming @Core_Scientific to the @NasdaqExchange Closing Bell. https://t.co/Lo6uD9vGne

— Nasdaq Exchange (@NasdaqExchange) January 26, 2024

Bitcoin mining has become a prominent business model and is done commercially at scale, given the compound rise in BTC prices over the years. Many private and public firms are mining BTC using hundreds of mining machines across data centers.