Bitmain Invests $53.9m in Core Scientific for New Bitcoin Mining Machines!

Writer: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

Sep 22, 2023 11:46

Bitmain, a crypto mining rig producer, is about to speculate $53.9 million in Core Scientific, a Texas-based bitcoin mining agency. The 2 will finance the acquisition of latest bitcoin mining machines by a mix of fairness and money. Bitmain will provide Core Scientific with 27,000 bitcoin mining servers in trade for $23.1 million in money and $53.9 million in Core Scientific frequent inventory. Core Scientific stated it plans to obtain and energize the 27,000 new items in This autumn 2020, which may add a possible computing energy of 4.1 exe hashes to itself-mining hash charge. Core Scientific filed for Chapter 11 chapter safety in December.