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Celsius Network wins court approval for shift to bitcoin mining

NEW YORK (Reuters) -A U.S. bankruptcy judge has approved cryptocurrency lender Celsius Network's pivot to bitcoin mining, ruling that the company could deviate from a previously approved bankruptcy plan because creditors and customers were no worse off under the new restructuring. U.S. Bankruptcy Judge Martin Glenn in Manhattan on Wednesday said the bankruptcy plan approved in November contained enough flexibility to allow Celsius to switch to a backup plan after it hit a road block with th...
New York United States Dietrich Knauth Asher Genoot Martin Glenn Daniel Wiessner
Source: aol.com

Celsius Network wins court approval for shift to bitcoin mining

NEW YORK (Reuters) -A U.S. bankruptcy judge has approved cryptocurrency lender Celsius Network's pivot to bitcoin mining, ruling that the company could deviate from a previously approved bankruptcy plan because creditors and customers were no worse off under the new restructuring. U.S. Bankruptcy Judge Martin Glenn in Manhattan on Wednesday said the bankruptcy plan approved in November contained enough flexibility to allow Celsius to switch to a backup plan after it hit a road block with th...
New York United States Daniel Wiessner Matthew Lewis Martin Glenn Asher Genoot
Source: aol.com

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Crypto miner Core Scientific expects to emerge from bankruptcy in January

:Cryptocurrency miner Core Scientific said on Thursday it was expecting to emerge from bankruptcy in mid-to-late January, a year after it became a casualty of high-profile collapses that led to a rout in crypto tokens.The Austin, Texas-based company said it has reached an in-principle agreement with all key s
United States Adam Sullivan Celsius Network Core Scientific Three Arrows Capital

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