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Celsius’ Mining Arm Announces $1.3M Sale of Equipment

The mining arm of crypto lender Celsius Network has issued a notice for the sale of $1.3 million worth of mining equipment as part of its bankruptcy case.

In a Jan. 11 filing with the United States Bankruptcy Court of the Southern District of New York, Celsius said it will be selling 2,687 MicroBT M30S ASIC rigs to investment firm Touzi Capital. Touzi, which invests real estate and blockchain, will pay Celsius Mining more than $1.3 million for the miners, located at a Texas facility.

According to Celsius, Touzi made the best offer for the miners following discussions with “several brokers and market participants”. The lending firm announced in January that Core Scientific had shut down more than 37,000 Celsius-owned mining rigs the firm had been hosting.

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