US Bitcoin to manage restructured mining division of defunct cryptocurrency Celsius Networ

USBTC has submitted the winning bid as a part of the Fahrenheit, LLC consortium.

The transfer makes USBTC one of many largest miners in america by rising computing energy to 12.2 exahash/s (EH/s).

After the restructure, Fahrenheit will function the general Celsius group’s administration agency. A five-year contract with Celsius can pay Fahrenheit a $20 million yearly administration charge. As well as, Fahrenheit can pay USBTC a charge of $15 million per 12 months for managing the mining part of the reorganized enterprise after subtracting working bills.