Core Scientific Signs Agreement with Bitmain to Purchase Lar...
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Core Scientific Signs Agreement with Bitmain to Purchase Large Number of S19 Antminers

Core Scientific Signs Agreement with Bitmain to Purchase Large Number of S19 Antminers

Core Scientific, the leading blockchain solutions provider in the U.S., has signed a deal with Bitmain, the leading Bitcoin mining equipment manufacturer, to purchase a high number of S19 Antminers in the next 4 months.

According to a recent announcement, Core Scientific has partnered with Bitmain to facilitate the purchase of 17,595 units of Bitcoin mining rigs. The purchase is done on behalf of the company’s growing list of hosting clients, and its own operation needs. The purchase made by Core Scientific signifies the largest number of S19 miners purchased by a single blockchain hosting company.

This move reaffirms Core Scientific’s position as the leading accredited shareholder-owned hosting provider in the market. The S19 Antminers will be received and fully distributed over the next 4 months across Core Scientific’s 655,000 square feet of data centres located in the United States.

The S19 Antminers from Bitmain allow for more energy efficient mining operations than previous Bitmain models and any other available ASIC miners. This deal represents an important milestone for Core Scientific towards the company’s ongoing commitment and focus on its digital mining hosting business.

According to Kevin Turner, President and CEO of Core Scientific, the company’s ongoing purchases amidst this global pandemic have demonstrated its ability to successfully serve its growing list of institutional clients with the newest and most efficient equipment. He added that the company has received and begun testing the first batch of Bitmain’s newest ASIC miners. He claims the company has seen material success in increasing existing hashrate to achieve a 110 TH/s.

Antminer Sales Director of North, Central and South America, Irene Gao said Bitmain is confident that its latest generation miners from the Antminer 19 series will operate at peak performance at the various Core Scientific data centres. She added that the Antminer S19 will serve to enhance the stability and security of the crypto network. According to her, the miners will advance Core Scientific’s focus towards growing their business in the digital mining industry.

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Dacosta Osei-Tutu, a first degree holder in Nursing, who couples his Nursing career with blockchain blogging, has a great passion for the blockchain technology and aims to play a vital role in applying this revolutionary technology to disrupt the healthcare system in Africa.