As part of its bankruptcy plan, Core Scientific (CORZQ), a miner that went bankrupt, has agreed to buy 27,000 bitcoin (BTC) mining servers from Bitmain.
The deal, which was announced in a press release, is worth $23.1 million in cash and $53.9 million in common stock.
Anchorage Digital, a crypto firm, may also acquire some equity in Core Scientific.
The mining servers are expected to arrive in the fourth quarter of this year and boost Core Scientific’s hash rate by 4.1 exahashes.
Core Scientific filed for bankruptcy in December last year due to lower revenue and higher energy costs.
The company hopes to exit bankruptcy as soon as this month, based on the remarks of a federal judge who is handling the case in May.