Bitmain To Invest $54 Million In Core Scientific, Inc. As Part Of New Supply Contract

Bitmain, a prominent manufacturer of digital currency mining servers, is making a substantial investment of $53.9 million in Core Scientific, a leading provider of high-performance blockchain computing data centers and software solutions. This investment marks a significant expansion of the already established partnership between the two companies.

As part of this investment, Bitmain and Core Scientific have devised a financing plan that combines equity and cash to facilitate the acquisition of advanced bitcoin mining equipment. In addition to this financial agreement, Bitmain has entered into a new hosting agreement with Core Scientific, reaffirming Bitmain's commitment to the North American digital asset mining industry.

Max Hua, the CEO of Bitmain, expressed enthusiasm about deepening their strategic relationship with Core Scientific, describing them as a professional and integrity-driven partner committed to the success of their hosting customers and the growth of the Bitcoin Network. This investment underscores Bitmain's dedication to the North American digital asset mining sector.

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