According to an announcement on May 25, 2023, U.S. Bitcoin Corp (USBTC) has plans to utilize the mining assets of the now-bankrupt crypto lender, Celsius. After multiple rounds of bidding for the restructured mining division of Celsius, USBTC submitted a winning bid for the Fahrenheit coalition. The Fahrenheit coalition is a group that consists of Ravi Kaza, Steven Kokinos, Proof Group Capital Management, Arrington Capital, and USBTC. Following the restructuring, Fahrenheit is set to assume the role of the management company for Celsius.
Fahrenheit is slated to receive an annual management fee of $20 million for its services under a five-year agreement. As part of the proposed restructuring, USBTC will enter into operating and services agreements with the restructured company, gaining exclusive control over all bitcoin mining rigs previously held by Celsius. USBTC will also receive an annual fee of $15 million, net of operating expenses, from Fahrenheit to supervise the mining division of the revamped entity.
“Our specialized expertise and track record of execution ultimately secured Fahrenheit’s successful bid to restructure Celsius,” Michael Ho, CEO of USBTC said in a statement. “Each member of the coalition brings extensive experience operating, optimizing, and scaling high-potential assets across Web3 markets.”
USBTC’s acquisition of the mining assets owned by Celsius follows the firm securing hosting agreements with five different companies for 150,000 bitcoin miners. Teslawatt, Marathon Digital, Foundry USA, Sphere 3D, and Decimal Group are collaborating with USBTC to deploy the machines. The latest acquisition of Celsius’s 121,800 ASIC mining rigs will contribute 12,200 petahash per second (PH/s) — which is equivalent to 12.2 exahash per second (EH/s) — to USBTC’s mining capabilities.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
暂时没有评论，赶紧抢沙发吧！