The American Greenidge will install a fleet of nearly 7000 machines at Core Scientificanother miner from bitcoins listed on the stock exchange and in trouble. A ” win-win agreement “.
Greenidge and Core Scientifictwo major BTC miners listed on the Nasdaq, are today joining forces with the signing of a agreement to allow Greenidge to deploy ASICs in the mining centers of its rival.
According to a release, Core Scientificwhich was in trouble last year and filed for Chapter 12 protection in the fall, will host 6914 machines belonging to Greenidge in its infrastructure in Georgia and Kentucky.
We are very pleased to deploy these miners in Core’s facilities, which have favorable energy costs and a history of excellent operational performance,” commented Dave Anderson, Greenidge’s boss.
The Connecticut-based miner concurrently announced the deployment of 1500 new ASICs in its own centers. Last year, he was also considering filing for Chapter 12 protection but eventually found help from NYDIG and B. Riley early 2023.
“Greenidge is a proven operator in this industry, and we are excited to partner with them and host their miners “Matt Minnis, co-founder of Core Scientific, was pleased with the result, noting that it was a “ win-win agreement “ for both firms.
In February, Core Scientific sold 20% of its machines to NYDIG to pay off a $38 million loan.
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