US Bitcoin Corp Partners with Celsius for Major Mining Expansion

Strategic Partnership with Celsius Network

US Bitcoin Corp (USBTC), a leader in large-scale data centers for digital asset mining, has announced a strategic partnership with Celsius Network. This collaboration involves hosting 8,500 miners at the USBTC Alpha Site, bringing an estimated hashrate of 820 petahash (PH). This agreement signifies a major advancement in Bitcoin mining, supported by the Fahrenheit coalition, which includes Arrington Capital and Proof Group Capital Management.

Advancing Sustainable Mining

The Alpha Site was chosen for its environmentally-friendly energy profile and strategic location, promoting efficient and eco-friendly operations. This initiative aligns with USBTC's commitment to sustainable industry practices. The partnership aims to leverage the synergy between USBTC, Celsius, and Fahrenheit to redefine the mining industry, focusing on profitability and sustainability.

Expanding Mining Operations

USBTC is set to manage a fleet exceeding 310,000 Bitcoin miners, including those from Celsius and other clients. This expansion complements existing agreements with companies like Teslawatt and Marathon Digital. The collaboration with Celsius follows USBTC's bid success in Celsius' chapter 11 cases, allowing them to manage Celsius' assets, including a large mining machine portfolio.

Merger with Hut 8

In a separate development, USBTC announced a merger with Hut 8 Mining Corp. The merger will form "Hut 8 Corp.," establishing it as a major player in publicly traded Bitcoin mining. The combined entity aims to enhance economical mining and diversify revenue streams while adhering to high environmental, social, and governance standards.

Vision for the Future

USBTC, founded by visionary entrepreneurs, is dedicated to setting new industry standards through cutting-edge technology and operational excellence. With campuses in New York, Nebraska, and Texas, the company operates extensive Bitcoin mining infrastructure for both self-mining and hosting services. The collaboration with Celsius and the merger with Hut 8 highlight USBTC's strategic focus on growth, sustainability, and innovation in the digital mining landscape.