Core Scientific Secures Hosting Contracts for 17,935 Bitcoin Mining Rigs

  • Sergey Maga
  • 12:11 Apr 29, 2023
Core Scientific Secures Hosting Contracts for 17,935 Bitcoin Mining Rigs

Core Scientific, Inc. (OTC: CORZQ), a leading provider of high-performance blockchain computing data centers and software solutions, has announced hosting agreements with three public companies for a total of 17,935 Bitcoin mining machines at its state-of-the-art facilities. These contracts include 6,914 units for Greenidge Generation Holdings (NASDAQ: GREE), 10,000 units for Ault Alliance (NYSE American: AULT), and 1,021 units for LM Funding (NASDAQ: LMFA). As Core Scientific undergoes its reorganization process, these deals will support its long-term growth and solidify its position as one of the largest Bitcoin miners in North America.

The mining units will be hosted at Core Scientific’s facilities in Dalton, GA, Calvert City, KY, and Denton, TX. Collectively, the 17,935 units will provide a total computing power of 1.88 exahashes per second. As of now, 900 LM Funding units and 3,000 Ault Alliance units are already online, with an additional 121 LM Funding units scheduled to be operational by the end of April. The remaining 7,000 Ault Alliance units and 6,914 Greenidge units will be online in May.

Russell Cann, Head of Mining at Core Scientific, expressed the company’s excitement to work with Greenidge Generation Holdings, Ault Alliance, and LM Funding. These partnerships will support the expansion of their Bitcoin mining operations in North America. Core Scientific is currently in talks with other potential customers for additional hosting agreements.

The company’s reorganization aims to strengthen position as an industry leader. Core Scientific has been a prominent blockchain computing data center provider and digital asset miner in North America since 2017, with operations in Georgia, Kentucky, North Carolina, North Dakota, and Texas.

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