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Bitcoin Mining grows in North America – Celsius invests over $200M

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Global cryptocurrency yield-earning platform Celsius announced new investments of over $200 million in mining equipment and positions in Core Scientific. Worth noting, the latter company is a leader in customizable infrastructure and software solutions for Blockchain networks.

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Besides, Celsius is investing in Rhodium Enterprises, a leading mining company in Texas. Also, in Luxor Technologies, a hash rate-based software company. 

Accordingly, these investments will serve Celsius to scale its existing interests in transforming into one of the U.S. largest investors in the Bitcoin mining industry.

Reception and about Celsius

In this regard, Alex Mashinksy, CEO of Celsius, said in a statement; “Celsius recognizes that Bitcoin, as the flagship cryptocurrency, still sets the course for the crypto industry at large. As such, we have considered it a company priority to help vitalize Bitcoin mining in North America through renewable resources.”

Moreover, “we have invested in the companies that are leaders in this; and we are proud to be partners in this important endeavor.”

Worth noting, Celsius currently helps hundreds of thousands of consumers worldwide to find the path towards financial independence. Particularly through a compounding yield service and instant, low-cost loans accessible via a web and mobile app.

Furthermore, the company is a blockchain-based fee-free platform where membership provides access to curated financial services, which are not available through traditional financial institutions.

About the investment recipients

Similarly, Michael Levitt, CEO of Core Scientific, commented, “Core Scientific is pleased to have Celsius as one of its strategic investors. In fact, the support of our investors enables us to continue to lead the North American digital asset mining and hosting sectors. Also, to remain committed to scaling while maintaining 100% net carbon neutrality.”

Core Scientific is a leader in customizable infrastructure and software solutions for Blockchain networks. Besides, by using state-of-the-art facilities, patent-pending technology, and best-in-class blockchain hosting solutions, the company can power leading-edge servers for large-scale operations.

On Rhodium’s side, Nathan Nichols, CEO, commented, “We are pleased to conclude an investment by Celsius in Rhodium Enterprises; indeed, it is one of the most efficient operators for Bitcoin mining in the world.  Therefore, Rhodium is thrilled to partner with such a company and looks forward to growing our businesses together.”

Indeed, Rhodium Enterprises has one of the most extensive industrial-scale bitcoin mining operations in North America. With its headquarters in Texas, Rhodium develops and maintains several innovative technologies for Bitcoin mining.

Final thoughts on the decision

Finally, Nick Hansen, CEO of Luxor, commented; “Luxor is excited and honored to partner with Celsius. Indeed, their investment in Luxor represents a deep conviction in the mining space. Moreover, we are prepared to provide products and services to compliment Celsius’ already impressive portfolio.”

Luxor is a fast-growing technology company that is helping shape the future of hash rate as a commodity. Particularly, the company does this by building the next generation of digital pipelines for computing power. Currently, the firm offers a range of hash rate solutions, including best-price execution for Bitcoin mining.

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