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Crypto Miner Core Scientific Paid More Than $1M to CEO-Affiliated Personal Jet Company

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Bankrupt bitcoin miner Core_Scientific spent $1.65 million on a private jet company “affiliated” with its CEO, co-founder and co-chairman of the board. egreechee reports.

"For efficient travel and use of time, Stone Tower Air is a charter flight company used in the past by Core Scientific for primarily transporting employees, clients, and potential clients between our data center sites in remote locations," which are often far from major airports, Chief Mining Officer Russell Cann said in an emailed statement on Friday. He noted that the move not only saves the company money, but also helps employees spend more time with their families.

Levitt"uses the company with his other businesses and because of this affiliation, Stone Tower Air provides Core Scientific with below-market rates for its charter services, Cann said.

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