Fahrenheit Acquires Celsius Assets to Boost Bitcoin Mining Ambitions.
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.
