According to the Daily Planet, Bitcoin mining company Core Scientific announced that Bitmain has agreed to invest $53.9 million in the company to expand the long-term partnership between the two companies. According to the terms of the acquisition agreement, Bitmain will supply 27,000 S19J XP 151 TH Bitcoin mining machines to Core Scientific in exchange for $23.1 million in cash and $53.9 million in Core Scientific common stock, with the value of each share to be determined based on the Chapter 11 reorganization plan approved by the bankruptcy court, which is expected to be approved in the fourth quarter of this year. Bitmain also signed a new hosting agreement with Core Scientific to support Bitmain's mining operations.