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US Firm Core Scientific to buy 17,000 Bitcoin Mining Machines from Bitmain

US Firm Core Scientific to buy 17,000 Bitcoin Mining Machines from Bitmain

Core Scientific, an American hosting provider has signed a deal to purchase more than 17,000 Bitcoin mining machines from Bitmain, the major Chinese mining hardware provider. They plan on buying the S19 Antminer on behalf of its demanding clients for their use.

Coin telegraph reported that Bitmain opened the “World’s largest” facility for Bitcoin mining in Rockdale, Taxes back in October, 2019.

Testing Going On

Kevin Turner, president and CEO of Core Scientific said “Core scientific has received and began testing  

Core Scientific has received and begun testing the first of Bitmain’s newest ASIC miners, and has seen material success in increasing existing hash rate to achieve a 110 TH/s ± 3%.

Russell Cann, chief Customer Service Officer of Core Scientific said “Our view is that this rise in interest and increase in capital allocation and investment can be attributed to the growing acceptance of crypto and/or digital assets as an investment asset class as well as the favorable investing characteristics of North America; specifically, the stable geopolitical and regulatory environment, suitable climatic conditions and multiple energy sources presentImportantly, with the collapse of energy pricing, the lower cost power areas in the US and Canada, are creating some unique project opportunities for larger-scale miners, like Core Scientific, to consider.”

Coinbase Lists COMP, Earn COMP through Coinbase Earn

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Hacker steals over $450,000 from the Balancer pool through deflationary tokens

Hacker steals over $450,000 from the Balancer pool through deflationary tokens