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Bitmain Commits $54 Million Investment in Core Scientific, Inc. Amid New Supply Contract


Core Scientific has secured a $53.9 million investment from Bitmain, a leading manufacturer of digital currency mining servers. The deal involves a $23.1 million cash payment and an equity exchange worth $53.9 million in Core Scientific common stock. The partnership aims to boost the Bitcoin Network's efficiency and contribute to the company's self-mining hash rate. (Read More)

from Blockchain News

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