Fahrenheit Acquires Celsius Assets to Boost Bitcoin Mining Ambitions.

TL;DR Summary
U.S. Bitcoin Corp. (USBTC) is set to become one of the largest miners in the U.S. after acquiring mining assets from bankrupt lender Celsius. The deal includes 121,800 mining machines, which will increase USBTC's computing power to at least 270,000 mining rigs. The miner will receive a $15 million annual management fee for the mining assets, net of operating expenses, for the five years it will manage the rigs. The Fahrenheit consortium, which includes USBTC, won the bankruptcy auction for the Celsius assets and will receive $20 million in management fees.
- USBTC Aims to Become Bitcoin Mining Giant After Deal to Buy Celsius Assets CoinDesk
- Fahrenheit Wins Bid for Bankrupt Celsius, Will Acquire up to $500M in Liquid Crypto Blockworks
- OPNX opening its bankruptcy claims product for Celsius users soon CryptoSlate
- Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius CoinDesk
- Celsius Announces Fahrenheit, LLC as Winning Bidder to Manage New Entity to Be Owned by Celsius Creditors Business Wire
- View Full Coverage on Google News
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