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

Covered by the Celsius deal, USBTC will enter into one or more operating and services agreements to be the “exclusive operator” of the Celsius mining swift, the miner said. On top of that, USBTC will receive a $15 million annual management fee for the mining assets, net of serving expenses, for the five years it will manage the rigs, the firm added. That’s $75 million on top of expenses, take under ones wing that USBTC fulfills certain operational requirements.