Core Scientific has struck a deeper partnership with Horizon Kinetics, a hedge fund, after buying 17,500 S19 miners

Core Scientific, the US blockchain solution provider, recently announced a deeper partnership with Horizon Kinetics, a $5.3 billion hedge fund under management, to manage more S19 and S19 Pro mines.

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Hugh Ross, chief operating officer of Horizon Kinetics, said the hedge fund's decision to partner with Core Scientific came after several years of investigating NORTH American ASIC hosting providers.

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Horizon Kinetics has tripled the number of mines it manages with Core Scientific since the two first teamed up more than a year ago.

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Over the next four months, Horizon Kinetics' latest acquisition will be deployed in a 665,000-square-foot data center operated by Core Scientific. These data centres can provide about 381 megawatts of power to run their machines, says Russell Cann, chief customer officer of Core Scientific. They have "the infrastructure to rapidly scale up to 450 megawatts in their current position".

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In addition to a deeper partnership with Horizon Kinetics, Core Scientific has hired Taras Kulyk, former President of blockchain technology company Alt 5 Sigma, as its senior vice President of new blockchain business development. Kulyk will lead Core Scientific's efforts to recruit more and more institutional players.

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Text link:https://cointelegraph.com

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