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Core Scientific Partners with Foundry, Garnering Financing Raise of $23 Million for Mining Equipment

Amy Liu

Summary: Crypto mining operation Core Scientific has announced a partnership with Foundry, a financing and advisory company for the mining space. The financing deal between the two firms enables as much as $23 million to be tapped, per a press release. The funds will be used to purchase mining equipment for itself as well as for ...

Crypto mining operation Core Scientific has announced a partnership with Foundry, a financing and advisory company for the mining space. The financing deal between the two firms enables as much as $23 million to be tapped, per a press release. The funds will be used to purchase mining equipment for itself as well as for clients. “Foundry’s investment will allow Core Scientific to continue expanding in North America while providing more hashpower to our existing and future clients,” said Kevin Turner, CEO of Core Scientific, in a statement. 

By Amy Liu

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