U.S. Bitcoin Corp. (USBTC) has acquired mining assets from bankrupt lender Celsius and plans to increase its computing power by 12.2 exahash/second (EH/s), making it one of the largest miners in the U.S. The acquisition includes a lending portfolio, crypto assets, and 121,800 mining machines, bringing USBTC's total to about 270,000 mining rigs. The company will also receive a $15 million annual management fee for the mining assets and will be the "exclusive operator" of the Celsius mining fleet. The acquisition is part of a consortium named Fahrenheit, which also includes Proof Group Capital Management, Steven Kokinos, and Ravi Kaza.
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U.S. Bitcoin Corp. To Increase Computing Power by 12.2 EH/S With Purchase of Celsius Mining Assets
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