Celsius Network’s Mining Arm Grows Stronger with 1,962 BTC Wallet Amid Bankruptcy Battle

September 13, 2024 at 05:28 PM GST updated: September 13, 2024 at 03:06 PM 2 mins read News Ionic Digital’s 1,962 BTC wallet, worth $114M, boosts Celsius’s recovery efforts amid bankruptcy restructuring. Ionic Digital partners with Foundry USA to strengthen Bitcoin mining operations, targeting Texas expansion to 240 MW. Shareholders raise concerns over Ionic Digital’s…

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Celsius Distributes Over $2.5 Billion to Creditors Amid Bankruptcy

Celsius Network has paid over $2.53 billion to around 251,000 creditors as part of its bankruptcy proceedings. Most creditors are owed small amounts, with 64,000 owed under $100 and 41,000 between $100 and $1,000. About 121,000 creditors have yet to claim their distributions. Celsius Network’s bankruptcy proceedings have concluded. Celsius’ bankruptcy administrator distributed over $2.53…

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