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<ul class="news-points"> 
 <li><strong>Bitmain will invest $53.9 million in the bankrupt Bitcoin mining company, Core Scientific.</strong></li> 
 <li><strong>The agreement is a combination of equity and cash to finance the purchase of efficient Bitcoin mining equipment.</strong></li> 
 <li><strong>Core Scientific’s CEO said the agreement would prepare them for Bitcoin’s upcoming halving event.</strong></li> 
</ul> 
<p>Bitmain, a prominent leading manufacturer of digital currency mining servers, announced that it will invest $53.9 million in the bankrupt Bitcoin mining company, Core Scientific.</p> 
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   <p lang="en" dir="ltr">Bitmain announced that it will supply Bankrupt Bitcoin Mining Company Core Scientific with 27,000 Bitmain S19J XP 151 TH rigs in exchange for $23.1 million in cash and $53.9 million in Core Scientific common stock. Bitmain has executed a new hosting agreement with Core…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1705062824576454815?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 22, 2023</a>
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<p>The two companies have agreed on a combination of equity and cash to finance the purchase of efficient <a href="https://coinedition.com/basics-of-btc-mining-how-to-mine-bitcoin/">Bitcoin mining</a> equipment. Bitmain plans to supply Core Scientific with 27,000 Bitmain S19J XP 151 TH servers in exchange for $23.1 million in cash and $53.9 million in Core Scientific stock. In this context, Bitmain CEO Max Hua said,</p> 
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 <p>We look forward to deepen…</p>
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<p>The post <a rel="nofollow" href="https://coinedition.com/bitmain-to-supply-bankrupt-bitcoin-miner-with-53-9m-investment/">Bitmain to Supply Bankrupt Bitcoin Miner with $53.9M Investment</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Bitmain to Supply Bankrupt Bitcoin Miner with $53.9M Investment

Coin Edition

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