Celsius Details Plan to Focus on Bitcoin Mining Post Bankruptcy

Crypto lender Celsius Community offered particulars Thursday of its plan to solely mine bitcoin when it emerges from chapter, a scaled-down enterprise that displays steerage from regulators.

Earlier in November, Celsius received approval from a chapter courtroom in New York to create a brand new firm constructed round Celsius’s bitcoin-mining enterprise, staking actions and monetizing of illiquid property that was going to be managed by Fahrenheit, an investor group backed by TechCrunch founder Michael Arrington that included US Bitcoin.