News

Celsius Network And US Bitcoin Corp Forge Game-Changing Partnership For Sustainable Growth

Key Points:

  • US Bitcoin Corp and Celsius Network unite to host 8,500 miners, advancing Bitcoin mining.
  • Celsius Network’s assets were acquired by Fahrenheit LLC, deepening collaboration for mining innovation.
  • Strategic Alpha Site choice emphasizes sustainability, with plans to manage 310,000 miners for industry growth.
US Bitcoin Corp has announced a groundbreaking partnership with Celsius Network LLC, signifying a pivotal advancement in the Bitcoin mining sector.
Celsius Network And US Bitcoin Corp Forge Game-Changing Partnership For Sustainable Growth 2

The agreement entails hosting an initial fleet of 8,500 crypto miners, boasting an estimated sticker hashrate of 820 petahash (PH), at the prestigious USBTC Alpha Site.

This strategic move comes in response to the escalating complexity of Bitcoin mining operations and is set to benefit both collaborating entities significantly.

Under the purview of the Fahrenheit LLC consortium, which includes USBTC, Arrington Capital, Proof Group Capital Management, Steven Kokinos, and Ravi Kaza, Celsius Network‘s assets were acquired after emerging triumphant in the bid for the assets of the insolvent crypto lending giant.

This alliance builds upon the existing strong partnership between USBTC and Celsius as they collectively endeavor to redefine and propel the mining industry forward.

The chosen USBTC Alpha Site stands out for its eco-conscious energy sourcing and strategically advantageous geographical location. This eco-friendly approach aligns with the joint vision of fostering a sustainable and industry-revolutionizing Bitcoin mining landscape.

Alongside other hosting agreements with prominent entities such as Teslawatt, Marathon Digital, Foundry USA, Sphere 3D, and Decimal Group, the collaboration is poised to manage an extensive fleet of over 310,000 Bitcoin miners.

This inclusive count encompasses miners owned by Celsius, diverse clients, and USBTC’s proprietary machines.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

15 minutes ago

Inflation Warning By Vanguard Amid Tariffs And Labor Issues

Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…

31 minutes ago

Clanker Token Trading Volume Hits $59.8 Million High On November 21

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

59 minutes ago

Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…

1 hour ago

New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot

Discover the success story of a New York tech entrepreneur who made $72M from a…

2 hours ago

Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B

Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…

4 hours ago

This website uses cookies.