Cryptocurrency investment consortium Fahrenheit won the auction to buy the remaining assets of bankrupt cryptocurrency firm Celsius Network (CEL).
The ongoing tender for the assets of Celcius, which previously reached a value of 2 billion dollars, has been concluded. Auction the tender submitted Fahrenheit won. Celsius, the venture capital firm, said in a statement. Arrington Capital And mining company Bitcoin Corp.including a consortium to establish and operate the new company of Fahrenheit, which is capital, management team And technology will provide specified.
Van Eck Absolute Return Advisers Corporation And GXD Labs LLCcontaining Blockchain Recovery Investmentt consortium auction backup was selected as the company that was initially seen as the favourite. NovaWulf completely losing the auction withdrawn.
According to court filings, the Fahrenheit front will buy Celsius’ portfolio of corporate loans, cryptocurrencies, mining and additional alternative investments, and within three days to solidify the deal. $10 million deposit will pay.
New company according to the terms of the agreement 450 to 500 million dollars will receive liquid cryptocurrencies between Bitcoin Corp. A new 100 megawatt plant including a number of crypto mining plant will build.
Although the offer was accepted by a committee of Celsius and its creditors, needs to be approved by regulators.