The funding is part of Celsius’ planned $200 million investment in bitcoin mining in North America, according to the company. Celsius said the investment, which occurred during the second quarter, would make it one of the largest U.S. investors in the bitcoin mining industry.


Celsius CEO Alex Mashinsky described the deal with Core in a CoinDesk interview as “good for our community.” He added: “They have a lot of assets. That’s safer than just investing in a [decentralized finance] project.”


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