Cryptocurrency

Bitcoin Miner Core Scientific Gets $100M Equity Financing Despite Bear Market

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Core has been raising cash by selling some of the bitcoins it has been mining. Last month, it sold 7,202 bitcoins at an average price of $23,000 to raise about $167 million. The miner said it intends to use the proceeds from the sales mainly for payments toward ASIC servers, capital investments in additional data-center capacity and debt repayments.

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