Two weeks after announcing it had purchased a record 17,595 Antminer S19 ASICs, Core Scientific has announced an expanded partnership with a multi-billion hedge fund.
United States-based crypto mining host Core Scientific has announced that the $5.3 billion asset manager and hedge fund Horizon Kinetics has upgraded its investment to access Bitmain’s news Antminer S19 and S19 Pro models.
The July 2 announcement comes less than two weeks after Core Scientific announced a record purchase of 17,595 units of latest mining machines — comprising the largest sum of Antminer S19s purchased by a single mining hosting company.so far.
US mining firm buys 17,595 Antminers
Since first partnering last more than one year ago, Core Scientific reports that Horizon Kinetics has tripled the number of miners its hosts with the firm.
Hugh Ross, Horizon Kinetics’ COO indicated that the hedge fund’s decision to partner with Core Scientific came following several years of probing North America ASIC hosting providers.
On Horizon's decision to expand its partnership, Ross emphasized the advantage of being able to access “a steady flow of the latest Malaysian-manufactured equipment from Bitmain.”
The recently purchased miners will be deployed across 665,000 square feet of data centers operated by Core Scientific in the United States over the next four months.