Bitmain to Invest $54 Million in Bankrupt Bitcoin Mining Company Core Scientific
Digital asset miner Core Scientific announced a new partnership with Bitmain, a major player in the supply of Bitcoin mining and Artificial Intelligence (AI) computing hardware. As part of the deal, Bitmain will invest $...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
As part of the deal, Bitmain will invest $53.9 million in the company expanding their long-standing relationship....
Read More: Bitmain to Invest $54 Million in Bankrupt Bitcoin Mining Company Core Scientific
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Morgan Stanley’s Amy Oldenburg: The Digital Gold Investment Case for Bitcoin
Bitcoin Magazine Morgan Stanley’s Amy Oldenburg: The Digital Gold Investment Case for Bitcoin Bitcoin’s digital gold case is “a pr...
Grayscale Opens 3 Crypto Funds on Republic With $2,500 Minimum for Eligible Investors
Key Takeaways: Grayscale has introduced three crypto-investment products to Republic. A minimum investment of $2,500 is required f...
OKX Marketing Chief Haider Rafique Steps Back After Seven Years at Crypto Exchange
Key Takeaways: After nearly seven years at OKX, Haider Rafique has decided to step aside due to family and various personal reason...
Ripple Brings RLUSD to Cross River Bank as Garlinghouse Backs Evernorth’s XRP Strategy
Announced on October 15, the Cross River partnership integrates Ripple USD (RLUSD) into the bank’s proprietary Core Operating Syst...
Block’s Proto Bitcoin Mining Hardware Now Available to Own via Sazmining
Bitcoin mining services provider Sazmining has launched a new offering that allows individual investors to purchase mining hardwar...
Judge Rejects Gemini And CFTC Bid To Overturn $5 Million Settlement
TL;DR: A federal judge has rejected a joint attempt by Gemini and the Commodity Futures Trading Commission to overturn the exchang...