Atlas Signs 100MW Deal With Core Scientific to Expand US Mining Operations
Atlas Scientific, which is expanding its North American crypto mining presence, signed a deal with Core Scientific Holding to host more than 100MW of bitcoin mining capacity, the company announced Monday.
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The deal comes as the Singapore-based crypto miner continues to bring more mining power into the U.S. and aims to build environmentally friendly mining operations.
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“Core Scientific’s commitment to 100% net carbon-neutral operations, the innovation that drives profitability, and deep industry partnerships align well with our values,” said Raymond Yuan, Atlas’s founder, in a statement.
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The decision to continue to expand in the U.S. comes as more miners migrate their operations to North America, following China’s sweeping crypto ban.
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On Oct. 19, Atlas Mining said it signed a 100-megawatt “colocation capacity” deal with Compute North to add to its U.S. mining operations and expand its hashrate to 3.7 EH/s starting in the first quarter of 2022.
Aoyon Ashraf is crypto mining reporter with more than a decade of experience in covering equity markets
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