Crypto CurrenciesCelsius invests over $200m in Bitcoin mining in North America

This includes strategic investments in Core Scientific, Rhodium Enterprises and Luxor Technologies.
PRNewswire PRNewswireJune 7, 20214 min

Celsius, the leading global cryptocurrency yield-earning platform, announced new investments of over $200 million in mining equipment and positions in Core Scientific, a leader in customizable infrastructure and software solutions for Blockchain networks; Rhodium Enterprises, a leading mining company in Texas; and Luxor Technologies, a hashrate based software company.  These investments serve to scale Celsius’ existing interests to make it one of the largest U.S. investors in the Bitcoin mining industry.

“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,” said Alex Mashinksy, CEO of Celsius. “We have invested in the companies that are leaders in this, and we are proud to be partners in this important endeavor.”

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

Nathan Nichols, CEO of Rhodium, commented, “We are pleased to conclude an investment by Celsius in Rhodium Enterprises, one of the most efficient operators for Bitcoin mining in the world.  Rhodium is thrilled to partner with Celsius and looks forward to growing our businesses together.”

Nick Hansen, CEO of Luxor commented, “Luxor is excited and honored to be partnered with Celsius; their investment in Luxor represents a deep conviction in the mining space.  As Celsius continues to expand its presence in mining, Luxor is prepared to provide products and services to compliment their already impressive portfolio.”

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