ICYMI: Core Scientific signs hosting deal worth $50 million per year
The company will be able to fund the required infrastructure with prepayments.The agreement will bring in a total of $50 million per year in revenue once the miners are fully installed, the company said on Tuesday.
The additional 325,000 ASICs will be used for a combination of self-mining and colocation. Core Scientific did not disclose the identity of the hosting client.
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