US #Bitcoin (USBTC) and Celsius Network have teamed up to take an important step in the development of both companies. The deal to host 8,500 miners on the #Alpha platform, announced on August 31, 2023, promises revolutionary changes in the mining industry.
🔑 Key points of the deal 🔑
The agreement includes the deployment of the first batch of 8,500 miners with an expected hashrate of 820 Petahash per second (Ph/s). The USBTC Alpha platform was selected due to its clean energy profile and strategic geographic location, providing an efficient and environmentally friendly mining solution.
💼 Ambitious plans for the future 💼
The partnership also involves the management of more than 310,000 Bitcoin miners. The plans include equipment previously owned by both Celsius and its customers. This success was made possible by the Fahrenheit consortium, which includes #USBTC , Arrington Capital, Proof Group Capital Management, Stephen Kokinos and Ravi Kaza.
📉 Analysis of results 📉
Argo Blockchain's preliminary report for the first half of 2023 showed a 31% decline in revenue.
