US Bitcoin Corp has announced a deal with Celsius Network to host 8,500 Bitcoin miners as part of an asset management agreement. This collaboration is expected to see US Bitcoin Corp manage up to 310,000 Bitcoin miners for Celsius and other clients. The company will also be responsible for managing the insolvent lender’s mining division and facilitating the establishment of a 100-megawatt Bitcoin mining facility. The merger between US Bitcoin Corp and Bitcoin miner Hut 8 Mining Corp has been completed, forming a new entity named Hut 8 Corp.
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