Celsius, which reached a compromise during the bankruptcy process, started to repay billions of dollars worth of its customers’ receivables.
According to the statement made by Celsius, the company, which had the restructuring plan approved by the court, paid its creditors worth more than $3 billion It started paying cryptocurrencies and fiat money.
Some of the money will go to a new company called Ionic Digital. Bitcoin mining company will be used to install. To Celsius’ creditors This company is expected to go public share will be given.
Another mining company, Hut 8, will manage Ionic’s mining operations for four years.
Celsius, which is preparing to fully evolve into a mining company, will begin shutting down its mobile and web applications.
Celsius on its balance sheet $1.2 billion It filed for bankruptcy in July 2022 due to the deficit.