Max Hua, CFO of Bitmain, stated at the World Digital Mining Summit (WDMS 2023) held on September 22 that as of June 30, 2023, 16 listed companies have already controlled more than 30% of Bitcoin's computing power, an increase of 10% from early 2022 when these companies held about 20% of Bitcoin's computing power.

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