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.

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.“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.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.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.

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