Celsius Holdings and US Bitcoin Corp sign deal for 8,500 miners

Celsius Holdings (CELH) has secured a deal with U.S. Data Mining Group, dba US Bitcoin Corp, an operator of large-scale data centers for new-age workloads such as digital asset mining, to host an initial 8,500 miners with an estimated sticker hashrate of 820 PH at the USBTC Alpha Site. This agreement continues the collaboration between USBTC and Celsius, with support from the Fahrenheit coalition which includes USBTC, Arrington Capital, Proof Group Capital Management, Steven Kokinos, and Ravi Kaza. In aggregate, USBTC anticipates managing a fleet of more than 310,000 bitcoin miners including miners owned by Celsius, other clients, and its own machines. The parties are working diligently to complete the implementation of the deal and begin operations as soon as possible. In aggregate, USBTC expects to manage a fleet of more than 310,000 bitcoin miners across Celsius and hosted assets. On February 7, the company announced an all-stock merger of equals with Hut 8 Mining (HUT). The combined company will be named “Hut 8 Corp.” and will be a U.S.-domiciled entity.