The two crypto mining companies have also agreed to work together to upgrade Bitmain’s last-generation miners hosted at Core Scientific’s data centers to further increase the firm’s productivity.
in December 2022, citing the financial crisis and the declining price of Bitcoin as the key reasons behind its decision. The firm started facing trouble in the weeks leading up to its eventual collapse due to market turmoil.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77MThe deal will see Bitmain receive $53.9 million worth of common CORZQ stock.
Read more »
Bitcoin mining rig maker Bitmain plans to invest $54 million in bankrupt Core ScientificBitmain announced the investment today alongside a new hosting agreement with Texas-based Core Scientific.
Read more »
Subscribe to Scientific American MagazineKnowledge Awaits
Read more »
NASA’s Record-Breaking Astronaut: Scientific Highlights of Frank Rubio’s Year in SpaceNASA astronaut Frank Rubio is set to return to Earth this fall after setting the record for the longest single spaceflight by a U.S. astronaut. He arrived at the International Space Station (ISS) on September 21, 2022, and will return home after 371 days in space. While on the orbiting lab, Rubio an
Read more »
Introducing Scientific American ’s Redesign, Newsletter and PodcastsGeoengineering is happening, AI wants to talk with animals, and why we aren’t going to live in space
Read more »