Digital asset miner Core Scientific announced a new partnership with Bitmain, a major player in the supply of Bitcoin mining and Artificial Intelligence (AI) computing hardware. As part of the deal, Bitmain will invest $53.9 million in the company expanding their long-standing relationship. Per the agreement, Bitmain will supply the crypto miners 27,000 Bitmain S19J XP 151 TH mining servers for $23.1 million and an investment of $53.9 million in Core Scientific stock, the value of which is decided by the bankruptcy court in Q4 2023. This development could see the mining industry in North America deepen further with top-notch equipment and a clear roadmap for expansion.
Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!
Android: https://links.hashd.co/android
Comments