According to the creditor’s bankruptcy filing, Celsius Mining, the mining division of the troubled crypto company Celsius Network, still has over 80,000 crypto mining rigs.
See related article: Celsius states that he owes users $ 4.72 billion in a balance sheet deficit of $ 1.19 billion.
Fast facts
- The Bankruptcy filing Celsius Mining still has 80,850 rigs, revealing that 43,632 rigs are still in operation.
- Before filing for Chapter 11 bankruptcy, the company predicted that by the end of 2022, it would run 120,000 machines and produce over 10,000 Bitcoins.
- Celsius mining could put further downward pressure on the price decline of mining rigs, but the company could also continue to produce Bitcoin to repay its debt, CoinShares Ana said. Liszt Matthew Kimmel said. According to Bloomberg..
- The price of the most efficient ASIC model has dropped to $ 40 / TH at the time of the press, compared to the high of $ 106 / TH last November. Luxor Mining data..
- Before filing for bankruptcy, the company sold 11,000 newly acquired cryptocurrency mining rigs at half the market price at the June auction. Reported by CoinDesk..
See related article: Celsius file for bankruptcy after closing DeFi loan
