Bitmain, which develops special equipment for Bitcoin (BTC) miners, reached an agreement by lending a helping hand to the bankrupt Core Scientific.
Chinese company Bitmain has welcomed Bitcoin miner Core Scientific. According to the press release published on September 21, the two companies reached a consensus and total value for 77 million dollars reached an agreement.
Bitmain will receive from Core Scientific within the scope of the agreement 54 million dollar share And $23.1 million cash to the company in return 27,000 Bitcoin mining servers will provide.
According to the statement, this investment aims to expand the long-standing relations of both companies. Making a statement on the subject, Bitmain CEO Max Huaabout Core Scientific in words of praise The following statements in the details of his statement drew attention:
Core Scientific makes a significant contribution to the strength and stability of the Bitcoin network. We look forward to working with Core’s teams to help realize the full potential of Bitcoin. Core Scientific’s professionalism, integrity, and dedication to the success of its hosting customers and the growth of the Bitcoin network are unmatched in the industry.
Core Scientific, one of the largest Bitcoin mining companies in the world Filing for Chapter 11 bankruptcy protection in December 2022 was found. According to current data, in the first 8 months of 2023 Producing 9,755 Bitcoins The company outperforms all other Bitcoin mining companies in North America. hosting more production made.
Core Scientific, which will add 27 thousand new devices to its portfolio within the scope of this partnership with Bitmain, will in the fourth quarter of this year plans to receive it and make it operational. Once the devices are activated, Core Scientific Bitcoin generating power (hash rate) to 4.1 exahash is aimed to reach.