Core Scientific Plans to Sell Bitmain Coupons for $6.6 Million

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Today’s Cryptocurrency Headline

Bitcoin mining firm Core Scientific has filed an emergency motion this week and is looking to fire-sell Bitmain coupons with a face value of $6.6 million. Most coupons will expire on March 22nd and are valid only for new purchases of Antminer S19s miners with lower output . They can only be used to pay for 30% of new purchases from Bitmain. It is reported that Core Scientific has been in discussions with Bitmain and two potential third parties who may be interested in receiving coupons.

BingX’s Bitcoin Chart

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Bitcoin is up 1.11% over the last 24 hours and rose to an intraday high of $23,966.54. The largest cryptocurrency sustained above the $23,000 price level since January 25, suggesting the level may have turned into a support. The day rising on 20 ($21,682) and the relative strength index (RSI) in the overbought zone suggest that the market sentiment is very strong. If the BTC/USDT pair sustains above $23,000, the pair could rise to $25,000.

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