Crypto mining rig manufacturer Bitmain is investing $53.9 million in Bitcoin mining company Core Scientific. This investment is part of an ongoing supply contract, and Bitmain has also signed a new hosting agreement with Core Scientific. Core Scientific plans to deploy 27,000 new mining units in the fourth quarter, which will add an estimated 4.1 exahashes of computing power. The company has been optimizing its operations and has achieved a hash rate of 22 exahashes per second with 206,000 Bitcoin mining machines in its US locations. Core Scientific has also established itself as a prominent Bitcoin miner in North America.

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