Odaily Planet Daily News Bitcoin mining company Core Scientific announced that Bitmain has agreed to invest US$53.9 million in the company to expand the long-term partnership between the two companies. Under the terms of the acquisition agreement, Bitmain will supply Core Scientific with 27,000 S19J The restructuring plan is finalized and is expected to be approved in the fourth quarter of this year.
Bitmain also signed a new hosting agreement with Core Scientific to support Bitmain’s mining operations. (Businesswire)