RC
Russell Cann is associated with Core Scientific, a Bitcoin mining and hosting solutions company. Core Scientific operates 3 locations across the USA with 380 MW of power capacity and works with institutional investors on mining operations and expansion.
1Interview
2020First on the show
Aug 2020Latest appearance
14 minOn camera
13:51
Latest interview · Aug 5, 2020How Core Scientific is expanding Bitcoin mining operationsWatch the episode →
In their own words
“We have a little over 380 megawatts of power that's ready now for bitcoin mining and we are able to expand that to 450 megawatts.”
Key points from the latest interview
- Core Scientific operates 380 MW of power capacity across facilities in North Carolina, Georgia, and Kentucky, positioning it as one of North America's largest Bitcoin mining operators.
- The company provides white-glove service to institutional investors including hedge funds and family offices, handling equipment procurement, setup, and wallet configuration.
- Core Scientific sources over 50% of its power from renewable energy including hydro, solar, and nuclear, reducing operational costs to compete globally with Asian miners.
- The company ordered nearly 18,000 Bitmain S19 miners in 2020, achieving 99.8% uptime while managing supply chain disruptions from COVID-19 and the Bitcoin halving event.
- Core Scientific diversified beyond Bitcoin mining into blockchain and AI hosting services using high-compute GPUs to improve operational efficiency and serve additional customer segments.