Ionic Digital acquires bankrupt Celsius' mining assets to become a top bitcoin miner in North America

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Cointime2024/02/01 14:13

By:Cointime

Ionic Digital, a new bitcoin mining company, is set to acquire all of bankrupt lender Celsius' mining assets, including self-mining capacity and hosted bitcoin mining at third-party sites. The company aims to become one of the top miners in North America and expects to achieve 12.7 exahash per second of mining power once its fleets are fully operational within this year. Ionic has filed Form-10 with the U.S. Securities and Exchange Commission and expects to go public in the coming months. Hut 8 will provide mining management services for the new company in exchange for a fee of more than $20 million per year.

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