The post Bitmain Invests $53.9m in Core Scientific for New Bitcoin Mining Machines! appeared first on Coinpedia Fintech News
Bitmain, a crypto mining rig manufacturer, is set to invest $53.9 million in Core Scientific, a Texas-based bitcoin mining firm. The two will finance the purchase of new bitcoin mining machines through a combination of equity and cash. Bitmain will supply Core Scientific with 27,000 bitcoin mining servers in exchange for $23.1 million in cash …