Celsius sells bitcoin mining machines for $1.3 million
Quick Take
- Bankrupt firm Celsius is selling 2,687 “new-in-box” mining machines for $1.3 million.
- The firm’s hosting provider, Core Scientific, recently got the green light to cut off power to all of Celsius’ machines.
The bitcoin mining arm of bankrupt crypto lender Celsius is selling machines worth $1.3 million.
The firm is letting go of nearly 2,700 "new-in-box" MicroBT M30S units, according to a Jan. 11 notice of sale filed with the U.S. Bankruptcy Court for the Southern District of New York.
The buyer is investment firm Touzi Capital, which will be responsible for all shipping costs. Touzi is a small firm based in Cupertino, Calif. that invests in multifamily apartment buildings, senior living real estate and bitcoin mining.
"Debtors held discussions with several brokers and market participants," the filing said. "The debtors determined the price offered by Touzi Capital LLC was the best offer."
Celsius' hosting provider Core Scientific, which also recently filed for bankruptcy, got the greenlight last week to power off all of Celsius' machines.
The two firms had been in a dispute for the past few months over the terms of their hosting agreement, with Celsius filing a motion to enforce the automatic stay in September. The firm is also one of Core's creditors.
Bitcoin miners have faced tough economics over the past year, with the coin's price declining and energy prices spiking. As mining becomes less profitable, prices for ASIC machines have followed, losing over 80% of their value last year.
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