Core Scientific files motion to sell over $6M in Bitmain coupons
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Bankrupt Bitcoin (BTC) mining firm Core Scientific filed on Jan. 25 an emergency motion seeking to sell Bitmain coupons worth $6.6 million, according to court records. As per the filing, some conditions applied to the coupons make them useless for Core Scientific’s business. Specifically, the coupons can “only be used to pay 30% of any new order of S19 Miners from Bitmain, and cannot be exchanged with Bitmain for cash.” Additionally, the coupons are limited to S19 models, which provides a lower hash rate output compared to Bitmain’s recent models. “The Debtors do not believe that utilizing their liquidity to
Liquid-cooled mining machines from Chinese chipmaker Bitmain have been unveiled. The S19 XP HYD is expected to be one of the company’s most energy-efficient models ever. The new mining setup employs... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go…
PRESS RELEASE. (Irvine, February 9, 2022) – Sustainable Bitcoin mining company Merkle Standard has executed a purchase order for the high-performance, liquid-cooled mining rigs from Bitmain... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author: coinmaker
press release PRESS RELEASE. (Irvine, February 9, 2022) – Sustainable Bitcoin mining company Merkle Standard has executed a purchase order order for the high-performance, liquid-cooled mining rigs... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author: coinmaker