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Core Scientific - Undisclosed
Overview
Funding Date
September 21, 2023
Financing amount
$53.9M
Valuation
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Catagory
Subcategory
About Core Scientific - Undisclosed
Core Scientific secured $53.9 milllion from Bitmain, the world's leading manufacturer of digital currency mining servers, to expand the two companies' longstanding relationship. Bitmain and Core Scientific have agreed on a combination of equity and cash to finance the purchase of new and more efficient bitcoin mining equipment. Separately, Bitmain has executed a new hosting agreement with Core Scientific to support Bitmain's mining business. The deals demonstrate Bitmain's ongoing commitment to the North American digital asset mining industry.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | China | 2017 | 8 | supplier@bitmain.com |
Founders & Team
Mike Levitt
Darin Feinstein
Company Profile / Project Introduction
Core Scientific is one of the largest blockchain computing data center providers and miners of digital assets in North America. Since 2017, Core Scientific has been operating blockchain data centers in North America, utilizing its facilities and intellectual property portfolio for hosted mining and self-mining of digital assets.