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Crypto Lender Celsius Confirms $54M Investment in Miner Core Scientific

Crypto lender Celsius confirmed Friday that it had invested $54 million in bitcoin miner Core Scientific.

The funding is a part of Celsius’ deliberate $200 million funding in bitcoin mining in North America, in line with the corporate. Celsius stated the funding would make it one of many largest U.S. buyers within the bitcoin mining business.

Core Scientific is the most important host of bitcoin mining machines in North America.

The announcement comes simply two days after Core Scientific stated that it deliberate to checklist its shares on Nasdaq via a merger with Energy & Digital Infrastructure Acquisition. The miner may have a price of $4.3 billion.

In Might, Michael Levitt, the co-founder and chairman of Core Scientific, took over as CEO after Kevin Turner stepped down.

Celsius CEO Alex Mashinsky stated within the firm’s assertion that Celsius was “trying ahead to working collectively to develop our joint enterprise sooner or later.”

Source: CoinDesk

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