USBTC to Host 8,500 Bitcoin Miners from Distressed Crypto Lender Celsius as Part of Larger Deal

US Bitcoin Corp (USBTC), a data center operator, has confirmed that it will house 8,500 Bitcoin mining machines from the financially troubled crypto lending firm, Celsius. This will take place at USBTC's Alpha Site, according to a press release dated August 31. These mining machines are anticipated to deliver a combined hashrate of around 820 petahash.



This housing deal is just a component of a larger agreement, which might result in USBTC overseeing up to 310,000 Bitcoin miners. These would be owned by Celsius and other clientele including Teslawatt, Foundry USA, Marathon Digital, Decimal Group, and Sphere 3D.



Earlier in May, USBTC along with its partners in the Fahrenheit LLC consortium, successfully bid to manage Celsius' assets, which include a lending portfolio and roughly 122,000 mining machines. USBTC will take charge of


Read more about USBTC to Host 8,500 Bitcoin Miners from Distressed Crypto Lender Celsius as Part of Larger Deal


#Adoption, #Celsius, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #USBTC