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Core Scientific signs hosting deal worth $50 million per year

Bitcoin miner Core Scientific has closed a deal to host 75 megawatts worth of hardware capacity.

The agreement will bring in a total of $50 million per year in revenue once the miners are fully installed.

The machines will start being deployed in the third quarter of 2022.

The company will receive prepayments that will help fund the additional infrastructure required to host the 75 megawatts.

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