Core Scientific’s Bitmain Miner Purchase: A Bitcoin Mining Juggernaut Emerges

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Bankrupt Bitcoin (CRYPTO: BTC) miner Core Scientific Inc (OTC: CORZQ) announced the purchase of 27,000 Bitcoin mining servers from Bitmain as part of a deal valued at $77 million. The deal also includes $23.1 million in cash and $53.9 million in Core Scientific common stock, the company announced Thursday. The stock’s per-share value will be determined in line with a bankruptcy court-approved Chapter 11 plan of reorganization, expected to gain approval in the coming quarter. This development came as the global conversation around digital assets gains momentum, a topic that will be further expl…

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