Ethereum Faces Strong Rejectio...
30 May 2023 | 12:49 am
The post USBTC to Become a Major Bitcoin Miner After Celsius Asset Acquisition appeared first on Coinpedia Fintech News
USBTC aims to become a leading miner in the U.S., and the company’s computing power rose by 12.2EH/S with the acquisition of mining assets from bankrupt lender Celsius. Fahrenheit Consortium won the bankruptcy auction for Celsius assets including lending portfolio, crypto assets, and 121,800 mining machines. It has 270k mining rigs, and as the miner states to CoinGecko, it matches RIOT, CORZ,& MARA’s computing power. USBTC to handle the Celsius mining fleet exclusively, it earned $15M a year minus expenses for mining assets.