Core Scientific Pays $21.3 mln Deposit for 15 EH/s of 3-nm Miners

Core Scientific has officially confirmed a $21.3 mln prepayment to Block, Inc. for 15 EH/s worth of 3-nm ASIC mining capacity. Shipments are expected to commence in the second half of 2025, allowing Core Scientific to significantly expand its computational resources. Analysts see this as a major move, given the rising competition among miners seeking more cost-effective solutions.

Core Scientific’s leadership anticipates that these next-generation chips will deliver higher performance with reduced power consumption, a critical factor amidst climbing electricity rates and increased network difficulty. Observers believe that implementing 3-nm technology will help the company solidify its market position, squeezing out less-equipped rivals.

Overall, the deal underscores a trend of big mining players embracing cutting-edge hardware to lower expenses and improve reliability. Core Scientific views the investment as a strategic move that promises long-term returns.