USBTC Aims to Become Bitcoin (BTC) Mining Giant After Deal to Buy Celsius Assets

Under the Celsius deal, USBTC will enter into one or more operating and services agreements to be the “exclusive operator” of the Celsius mining fleet, the miner said. On top of that, USBTC will receive a $15 million annual management fee for the mining assets, net of operating expenses, for the five years it will […]

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Embattled Crypto Lender Celsius Network Allocates $25M for Custody Account Withdrawals, Burns $500M in Wrapped Bitcoin

Crypto lender Celsius Network, which is currently operating under bankruptcy protection, has established a crypto wallet with $25 million of digital assets for Celsius’ custodial account holders to withdraw, blockchain intelligence firm Arkham Intelligence said in a report.

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