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Atlas Technology in Deal With Core Scientific to Expand US Mining Operations
Core Scientific to host Atlas mining operations with 100 megawatts of power.
Atlas Technology, which is expanding its North American crypto mining presence, signed a deal for Core Scientific to host more than 100 megawatts of bitcoin mining capacity, Atlas 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,” Raymond Yuan, Atlas’ founder, said 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 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 exahashes starting in the first quarter of 2022. An exahash is a measure of computational power.
Aoyon Ashraf
Aoyon Ashraf is CoinDesk's managing editor for Breaking News. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from University of Toronto with a degree in mining engineering. He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk's disclosure threshold of $1,000.
