• Celsius Network’s mining arm has announced the sale of $1.3 million worth of mining equipment to Touzi Capital.
• Touzi made the best offer for the miners, located at a Texas facility, following discussions with „several brokers and market participants.“
• The sale follows the shut down of more than 37,000 Celsius-owned mining rigs hosted by Core Scientific.
Celsius Network, a crypto lender, has recently announced the sale of $1.3 million worth of mining equipment to Touzi Capital. The mining rigs, located at a facility in Texas, were part of Celsius’s mining arm and were sold following discussions with “several brokers and market participants”. Touzi Capital, an investment firm specializing in real estate and blockchain, was the final buyer of the miners.
The sale comes after Celsius Network announced that their mining rigs hosted by Core Scientific had been shut down. Core Scientific, a provider of cloud-based infrastructure, had been hosting the 37,000 rigs owned by Celsius. Despite the shut down, Celsius is still looking to expand into the mining space with their recent purchase of 1.5 million Antminer S19 Pro miners from Bitmain.
The purchase of the miners from Touzi Capital is seen as a step towards the expansion of Celsius’s mining operations. The miners will be added to the Celsius Mining arm and will help to increase the company’s capacity to mine various cryptocurrencies.
In addition to the purchase of the miners, Celsius is also working to improve the efficiency of their mining operations. The company is looking to optimize their data centers, reduce energy costs, and increase the security of their miners. With the help of their new miners, they are hoping to increase their profits and help their customers maximize their returns.
Celsius Network’s commitment to the mining space is a testament to the company’s ambition and dedication to the cryptocurrency industry. With the purchase of the miners from Touzi Capital, the company is looking to further expand their operations and continue to be a leader in the crypto space. With the help of their new miners, they are hoping to become a major player in the cryptocurrency mining industry and to increase their customers’ returns.