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Celsius Network
Celsius was a global cryptocurrency platform and Bitcoin mining company. It emerged from Chapter 11 bankruptcy on January 31, 2024, and subsequently shut down its mobile and web apps as part of the winding down of its business operations.
Wilmington, USA
Description
Celsius was a global cryptocurrency platform and Bitcoin mining company that emerged from Chapter 11 bankruptcy on January 31, 2024. As part of the winding down of its business operations detailed in its Plan of Reorganization, the Celsius mobile and web apps were shut down on February 29, 2024. Claim distributions to eligible creditors began on February 1, 2024, in cryptocurrency and US dollars. Some creditors are also eligible to receive equity shares in Ionic Digital LLC, the reorganized mining business formed after emerging from bankruptcy. The company is now focused on managing distributions to creditors and provides support and guidance on how to avoid phishing scams through its official channels.Grant Funding
VC Funding
None
2018
2020
2021
$0
$864M