USBTC will also receive an annual fee of $15 million from Fahrenheit for the management of the Celsius mining assets (net of operating expenses). USBTC expects to increase the total installed hash rate it manages by about 12.2 EH/s after the 121,800 miners are fully powered on.
Foresight News previously reported that the Fahrenheit Alliance won the bid to acquire bankrupt crypto lending firm Celsius Network. The Fahrenheit alliance includes USBTC, Arrington Capital, Proof Group Capital Management, Steven Kokinos and Ravi Kaza. Fahrenheit will receive an annual management fee of $20 million as part of the five-year agreement with Celsius.
Introduction To Crypto
a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography.All
Crypto Price Information
| Price | Price Change (24h) | Trading Volume (24h) | Market Cap | |
|---|---|---|---|---|
| BTC | $62,691.86 USD | +1.93% | $36,022,708,462.04 USD | $1,234,180,998,345.17 USD |
| ETH | $3,041.95 USD | +1.68% | $15,190,227,464.83 USD | $365,253,855,623.61 USD |
| GARI | $0.01838 USD | +22.94% | $2,886,128.72 USD | $5,235,565 USD |
| SOLX | $0.1891 USD | +11.53% | $1,561,002.48 USD | $0 USD |
| MLN | $15.78 USD | +10.97% | $581,483.51 USD | $21,896,691 USD |
