US Bitcoin Corp Partners with Celsius Network to Host Miners

12:14 am
September 1, 2023

US Bitcoin Corp, a mining company, has announced a deal with Celsius Network, a bankrupt cryptocurrency platform, to host 8,500 miners at its Alpha Site. The machines are estimated to have a combined hashrate of 820 petahash (PH). This partnership will bring US Bitcoin Corp’s total number of managed miners to over 310,000.

USBTC: A member of the Fahrenheit consortium

US Bitcoin Corp is a part of the Fahrenheit consortium, which acquired Celsius Network’s assets in May. The assets, including more than 120,000 miners, were valued at approximately $2.0 billion. Asher Genoot, the President of US Bitcoin Corp, sees this collaboration as a significant milestone towards a sustainable and industry-advancing future in Bitcoin mining.

Expansion of US Bitcoin Corp’s mining operations

The addition of 8,500 Celsius Network miners at the Alpha Site will increase the total hashrate managed by US Bitcoin Corp. As a result, the company expects to be managing over 310,000 miners in total, including its own machines and those of clients like Marathon Digital, Sphere 3D, Teslawatt, Foundry USA, and Decimal Group.

This partnership comes shortly after Hut 8 Mining provided an update on its ongoing merger with US Bitcoin Corp.

Summary

US Bitcoin Corp has announced a partnership with Celsius Network, hosting 8,500 miners at its Alpha Site. This collaboration brings US Bitcoin Corp’s total number of managed miners to over 310,000. As a member of the Fahrenheit consortium, US Bitcoin Corp aims to redefine the mining industry and create a sustainable future. The addition of Celsius Network’s assets is a significant milestone for US Bitcoin Corp, positioning them as a key player in the mining market.

FAQ

What is US Bitcoin Corp?

US Bitcoin Corp is a mining company that specializes in Bitcoin mining operations.

What is Celsius Network?

Celsius Network is a bankrupt cryptocurrency platform that previously operated as a crypto lender.

How many miners will US Bitcoin Corp be hosting for Celsius Network?

US Bitcoin Corp will be hosting 8,500 miners for Celsius Network at its Alpha Site.

How many miners will US Bitcoin Corp be managing in total?

With the addition of Celsius Network’s miners, US Bitcoin Corp will be managing over 310,000 miners in total.

What is the hashrate of the miners being hosted by US Bitcoin Corp?

The combined hashrate of the miners being hosted at US Bitcoin Corp’s Alpha Site is estimated to be 820 petahash (PH).


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