Core Scientific Secures Bitcoin Mining Contracts with Beleaguered Miners

Core Scientific has signed contracts to host almost 18,000 bitcoin mining rigs with three firms as it negotiates its way through Chapter 11 bankruptcy. The contracts are a mix of variable pricing and proceeds-sharing deals, and the machines will be hosted in Core Scientific's sites in Georgia, Kentucky, and Texas. The contracts are the latest indication that the prospects for the largest publicly listed miner by computing power, or hashrate, might be improving after it started bankruptcy proceedings in December 2022.