Celsius Outlines Mining-Focused Reorganization Plan at First Bankruptcy Hearing

Name: Celsius Outlines Mining-Focused Reorganization Plan at First Bankruptcy Hearing
Uploaded: 2022-07-19T19:02:59Z
Duration: 5 min 316 s
Description: At its first bankruptcy court hearing Monday, crypto lender Celsius revealed it’s betting big on its mining subsidiary to help fill the $1.2 billion hole in the company’s balance sheet. CoinDesk Regulatory Reporter Cheyenne Ligon discusses what this means for Celsius and its users.

Jul 19, 2022

At its first bankruptcy court hearing Monday, crypto lender Celsius revealed it’s betting big on its mining subsidiary to help fill the $1.2 billion hole in the company’s balance sheet.

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