Core Scientific Add 900 Bitcoin Mining Machines, This Is The Goal!

Bitcoin mining activity using a mining rig. (Photo; Doc. Kryptographene)

JAKARTA - Core Scientific, a leading crypto mining company, is rumored to be adding 900 mining machines to LM Funding America. The notice is based on a press release released by LM Funding on April 12.

In the expanded contract, Core Scientific will host a total of 3,900 mining machines with a mining capacity of 400 petahashes in the name of LM Funding.

With this addition, LM Funding said that the number of mining machines they operate will increase to 4,600, with a total mining capacity of 470 petahash.

However, the company did not reveal where their other mining devices were. LM Funding also revealed that the 900 new devices will be activated by the end of April.

In this case, the LM Funding mining engine is estimated to account for about 1.8 percent of the total mining capacity and the number of devices owned by Core Scientific after this addition is complete.

However, while Core Scientific has a strong position in the crypto mining industry, the company is also facing financial challenges. They have filed for bankruptcy with a minimum debt of US$1 billion (Rp14.7 trillion) in December 2022.

Despite this, Core Scientific is still operating and continuing its expansion with additional mining machinery for clients such as LM Funding America.