The Celsius Network, a cryptocurrency-lending service, announced an investment of more than $200 million in Bitcoin mining in North America.
Celsius is excited to announce we’ve invested over $200 million in #Bitcoin mining in North America, making us one of the largest U.S. investors in the Bitcoin mining industry.
Read more🔥 ⬇️ https://t.co/GdI0NHWYHh
— Celsius (@CelsiusNetwork) June 4, 2021
The Celsius Network invested in the American blockchain-hosting provider Core Scientific, the Texas-based Rhodium Enterprises mining company, and software developer Luxor Technologies.
“We see it as the company’s priority to help revive Bitcoin mining in North America through renewable energy sources,” said Celsius Network’s chief executive Alex Mashinsky.
Core Scientific noted that the firm is 100% carbon-neutral, thanks to the use of energy from renewable sources. In April the provider signed an agreement with Bitmain to purchase 112,800 devices for Bitcoin mining.
Earlier, the Nasdaq-listed company The9 announced the acquisition of the “green” mining company Montcrypto.
Earlier it became known that fully carbon-neutral Gryphon Digital Mining will go public via a reverse merger with data-management provider Sphere 3D.