Celsius joins the Bitcoin Mining Council

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As One of America’s Largest Miners and Investors in Bitcoin Mining, Celsius Expands Leadership in Bitcoin Mining in North America by Joining BMC

LONDON, July 21, 2021 / PRNewswire / – Celsius, the world’s leading cryptocurrency yield platform, announced that the company has joined the Bitcoin Mining Council (BMC), a voluntary global forum of Bitcoin mining companies and others Bitcoin industry companies.

Celsius Network (PRNewsfoto / Celsius Network)

BMC is a vital assembly as the world’s mining power moves to North America from China and other countries. According to data from the University of Cambridge, the United States is now the second largest Bitcoin mining destination in the world. Market share continues to shift to North America following China’s crackdown on Bitcoin regulation in search of safe government regulation and low-cost energy that increasingly comes from from renewable sources.

The announcement comes after Celsius recently invested more than $ 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. The financial commitment has made Celsius one of the largest investors in the North American mining sector.

“We are honored to join the Bitcoin Mining Council and be part of their important efforts to make mining more efficient and transparent,” said Alex Mashinsky, CEO of Celsius. “Celsius sees a great opportunity to help secure the Bitcoin network as bitcoin mining migrates to North America and we are committed to fostering this trend while adopting sustainable energy practices along the way.”

First brought on by Michael Saylor of MicroStrategy, BMC exists to promote transparency, share best practices, and educate the public on the benefits of Bitcoin and Bitcoin mining. As a member, Celsius has agreed to voluntarily share the energy mix and hashrate size for research and education purposes, share best practices with fellow miners, and promote the core principles and principles of Bitcoin.

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About Celsius Celsius helps hundreds of thousands of consumers around the world find the path to financial independence through a compound return service and low cost instant loans accessible through a web and mobile app. Founded on the belief that financial services should only do what is in the best interests of customers and the community, Celsius is a free blockchain-based platform where membership provides access to organized financial services that are not available through traditional financial institutions. For more information, please visit www.celsius.network.

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SOURCE Celsius Network

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