Bitcoin miner Core Scientific closed a deal to host 75 megawatts price of {hardware} capability.
The settlement will herald a complete of $50 million per 12 months in income as soon as the miners are absolutely put in, the corporate stated on Tuesday.
The machines will begin being deployed within the third quarter of 2022 and set up is ready to wrap up by the tip of the 12 months.
The extra 325,000 ASICs will likely be used for a mix of self-mining and colocation. Core Scientific didn’t disclose the id of the internet hosting shopper.
The corporate will obtain prepayments that can assist fund the extra infrastructure required to host the 75 megawatts.
“This new settlement demonstrates continued buyer confidence in Core Scientific’s capacity to ship best-in-class blockchain knowledge heart options,” Core Scientific CEO Mike Levitt stated.
