US Bitcoin Corp Strikes Major Agreement with Celsius Network


US Bitcoin Corp (USBTC) is in the spotlight today following the announcement of a deal with the now-defunct cryptocurrency platform Celsius Network. USBTC will host 8,500 miners belonging to Celsius at its Alpha Site with an estimated hash rate of 820 petahash (PH).

Asher Genoot, President of USBTC, says this opportunity will mark a “defining milestone” and that the company has a vision of a future where Bitcoin mining is not only profitable but also sustainable and industry-advancing.

The assets USBTC will manage, including its own miners and those of clients such as Marathon Digital, Sphere 3D, Teslawatt, Foundry USA, and Decimal Group, are estimated to be worth around $2 billion. With these machines, USBTC will be managing a total of 310,000 miners.

This news comes just days after Hut 8 Mining provided updates on its merger with Hut 8 Mining.

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