From Celsius to Fahrenheit - will a new Bitcoin mining player raise the hashrate temperature?

A cornerstone of Celsius' business strategy was to build a Bitcoin mining business while still in business. With the BTC created, it hoped to be able to provide the funds for its earning program for clients. Therefore, Celsius invested heavily in ASICs and BTC mining infrastructure.

In today's bankruptcy proceedings, these assets play a key role. An entirely new mining company will be built, Fahrenheit. We examined the court filings in our post to shed some light on where Fahrenheit would fit into the current BTC mining landscape in North America.