Celsius Bounces Back from Bankruptcy, Introduces Bitcoin Mining Enterprise
Following a break of a year and a half, Celsius, the cryptocurrency lender, has successfully navigated its way out of Chapter 11 bankruptcy in the US. The company declared on the last day of January that it would start to distribute $3 billion in cryptocurrency and traditional currency to those it owes. In addition, Celsius is set to introduce a new Bitcoin mining company, Ionic Digital, as part of its operations after bankruptcy. Celsius exits bankruptcy and appears to be on a promising path in the Bitcoin mining sector.
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