US Bitcoin Corp to Host 8,500 Bitcoin Miners from Celsius
Data center operator US Bitcoin Corp (USBTC) has announced that it will be hosting 8,500 Bitcoin miners from the insolvent crypto lender Celsius at its Alpha Site. This hosting arrangement is part of a larger deal that could potentially see USBTC managing up to 310,000 Bitcoin miners. Other clients included in the deal are Teslawatt, Foundry USA, Marathon Digital, Decimal Group, and Sphere 3D.
Here are the key points:
β USBTC will host 8,500 Bitcoin miners from Celsius at its Alpha Site.
β This hosting arrangement is part of a larger deal that could see USBTC managing up to 310,000 Bitcoin miners.
β The deal includes other clients such as Teslawatt, Foundry USA, Marathon Digital, Decimal Group, and Sphere 3D.
β USBTC will manage Celsiusβ mining division and help set up and operate a 100-megawatt Bitcoin mining facility.
β The collaboration between USBTC, Celsius, and Fahrenheit aims to reshape the mining industry.
In related news:
β USBTC has finalized its merger with Bitcoin mining company Hut 8 Mining Corp, creating a new entity called Hut 8 Corp.
β Celsius has received court approval to poll its account holders about a new proposal to repay $2 billion in Bitcoin and Ether through a user-owned company.
The hosting arrangement between US Bitcoin Corp and Celsius marks a significant step for the mining industry. With the potential to manage a large number of Bitcoin miners, USBTC and its partners aim to reshape the mining industry and drive further innovation. Additionally, the merger with Hut 8 Mining Corp further solidifies USBTCβs position in the Bitcoin mining space.