By combining bitcoin mining and AI data centers, miners are preparing for a future where bitcoin and AI coexist harmoniously.
Bitmain will supply Core Scientific with 27,000 latest generation bitcoin miners and signs new hosting agreement
Things are looking up for the American miner Core Scientific, which has been on the brink of bankruptcy for a year.
The Terra storm heavily impacted the Bitcoin price and several crypto projects, including Celsius Network. In July 2022, the crypto lender formerly led by Alex Mashinsky declared bankruptcy, with a balance sheet burdened by over $4.7 billion in debt to its users. However, the Celsius team remained resilient during these challenging times. Recently, the bankruptcy court gave the green light for the execution of the financial restructuring plan for this crypto company. To top it off, Celsius acquired a Bitcoin mining site in Texas.
Celsius Mining LLC to Acquire and Operationalize Core Scientific’s Partially Developed Ward County Bitcoin Mining Data Center Site; Companies Agree to Settle All Existing Litigation