Core Scientific seals $77M Bitmain deal for 27K Bitcoin mining rigs

Cryptocurrency mining {hardware} maker Bitmain and bankrupt crypto mining agency Core Scientific have agreed on a mix of fairness and money to finalize the deal on increasing mining amenities.

The deal between the 2 mining firms will see Bitmain provide 27,000 (BTC) mining rigs for $23 million in money, together with $53.9 million price of widespread inventory of the bankrupt agency. Other than the mining {hardware} buy deal, Bitmain and Core Scientific have signed a brand new internet hosting association to help Bitmain’s mining operations.

Proceed Studying on Coin Telegraph