Kinetics Upgrades Investment To Access Bitmain’s News Antminer

Core Scientific Expands Partnership With Horizon Kinetics for Antminer S19 Deployment

In a groundbreaking announcement, U.S.-based crypto mining host Core Scientific revealed that Horizon Kinetics, a $5.3 billion asset manager and hedge fund, has significantly increased its investment to secure Bitmain’s latest Antminer S19 and S19 Pro models. This development follows Core Scientific’s record-breaking purchase of 17,595 units, marking the largest acquisition of Antminer S19 machines by any mining hosting company to date.

Horizon Kinetics Triples Mining Capacity

Since its partnership with Core Scientific began over a year ago, Horizon Kinetics has tripled the number of miners hosted by the firm. This decision reflects the hedge fund’s growing confidence in North American ASIC hosting providers.

Hugh Ross, Horizon Kinetics’ COO, emphasized the advantages of partnering with Core Scientific, particularly the steady access to the latest mining equipment manufactured in Malaysia by Bitmain.

“The partnership ensures Horizon Kinetics remains at the forefront of cryptocurrency mining, leveraging cutting-edge technology to optimize returns,” Ross stated.

Details of the Deployment

The newly acquired Antminer S19 and S19 Pro models will be deployed across Core Scientific’s extensive 665,000 square feet of U.S.-based data centers over the next four months. These facilities boast 450 megawatts of contracted power, supporting ASIC, GPU, and FPGA mining operations.

Core Scientific’s CEO highlighted that these acquisitions position the company as a leader in providing state-of-the-art infrastructure for crypto mining in North America.

Core Scientific’s Growing Influence

Core Scientific’s acquisition of Bitmain’s S19 models not only sets an industry record but also underscores the growing importance of North America in the global crypto mining ecosystem. The firm has emerged as a preferred partner for institutional investors like Horizon Kinetics, who are seeking reliable, high-performance mining solutions.

With access to the latest mining hardware and robust hosting facilities, Core Scientific is well-positioned to meet the increasing demand for crypto mining services, especially as the industry faces challenges like rising energy costs and regulatory scrutiny.

What This Means for Crypto Mining in North America

The partnership reflects a broader trend of institutional adoption of cryptocurrency mining, particularly in North America. As more institutional players enter the space, the focus is shifting toward:

• Energy-efficient mining solutions
• Advanced hardware like the Antminer S19 series
• Geopolitical stability and regulatory compliance

Core Scientific’s success in securing the trust of a major asset manager like Horizon Kinetics could pave the way for other hedge funds and institutional investors to explore similar partnerships.

Conclusion

Core Scientific’s expanded partnership with Horizon Kinetics represents a milestone in institutional cryptocurrency mining. With the deployment of nearly 18,000 Antminer S19 units, the collaboration not only sets a new benchmark for large-scale mining operations but also strengthens North America’s position as a key player in the global crypto ecosystem.

As the industry evolves, partnerships like these will play a critical role in driving innovation, enhancing mining efficiency, and ensuring long-term sustainability in the cryptocurrency sector.

To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.