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Celsius Creditors Explore Liquidation of New Bitcoin (BTC) Mining Firm Ionic Celsius Creditors Explore Liquidation of New Bitcoin (BTC) Mining Firm Ionic

Celsius Creditors Explore Liquidation of New Bitcoin (BTC) Mining Firm Ionic

Some former Celsius Network customers are exploring whether they can liquidate Ionic Digital Inc., a Bitcoin mining firm they own with other Celsius creditors that’s struggled to complete plans to go public.

Joseph Sarachek, a lawyer representing some Celsius creditors, told a New York bankruptcy judge Tuesday that his office has been contacted in recent weeks by “numerous shareholders” who have inquired about forcing a liquidation of Ionic’s assets. A different Celsius creditor said during the court hearing that other shareholders are attempting to rally support to remove Ionic’s board of directors.

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Jonathan Randles

https://www.bloomberg.com/news/articles/2024-08-27/celsius-creditors-explore-liquidation-of-new-bitcoin-mining-firm

2024-08-27 19:45:16

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