Core Scientific, the largest publicly listed miner by hashrate, has signed contracts to host almost 18,000 bitcoin mining rigs with three firms as it negotiates its way through Chapter 11 bankruptcy. The contracts will bring the total number of machines the firm is hosting to about 70,000, on top of the 155,000 machines it uses to mine for itself. Core Scientific's equity has gained 887% since the start of the year, and it has 175 MW of available hosting capacity in its Denton, Texas facility, with another 915 MW in development in west Texas and Oklahoma.

(By Eliza Gkritsi)