Bitmain and Anchorage Digital will participate in the acquisition of bankrupt mining company Core Scientific

2023-08-08 22:16:14BlockBeatsShare to:

BlockBeats news, on August 8, according to a court document, Bitmain, the world's largest bitcoin mining machine manufacturer, and Anchorage Digital, an encryption platform, are expected to acquire a stake in Core Scientific, the second largest listed bitcoin miner. Core Scientific will purchase 27,000 Bitmain Antminer S19j XP mining machines for $77.1 million. The acquisition will be funded with $23 million in cash and $54 million in company equity. Bitmain has yet to respond to the news. In addition, encryption platform Anchorage Digital is also expected to choose to convert its debt to equity in the Core Scientific bankruptcy case.

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