Celsius said that it will temporarily store about 20,000 mining rigs retrieved from Core Scientific's hosting facility, while it looks for other opportunities.
Last month, Core Scientific got the green light from its bankruptcy judge to power off all of Celsius' machines. Celsius is also one of Core Scientific's note-holders.
Ferraro said that Celsius' liquidity has improved with the recent rise in the price of bitcoin. There has also been a"tremendous decline" in energy costs after peaking in the fall. Bitcoin has recently been trading at around $23,000, the highest since last summer. The company is currently mining 7 to 8 BTC per day at a margin of 25% to 30%, with 27,500 machines hashing.
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