Celsius
Celsius was a global cryptocurrency platform and Bitcoin mining company that emerged from Chapter 11 bankruptcy in 2024.
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Celsius was a global cryptocurrency platform and Bitcoin mining company that emerged from Chapter 11 bankruptcy on January 31, 2024. The company offered various services, including earning interest on cryptocurrency deposits and providing loans to other users. However, Celsius faced significant financial difficulties in 2022, leading to a liquidity crisis and eventual bankruptcy.
Following its emergence from bankruptcy, Celsius ceased operations, with its mobile and web apps shutting down on February 29, 2024. The company is now in the process of distributing assets to creditors, including cryptocurrency, US dollars, and equity shares in Ionic Digital LLC, the reorganized mining business. The distribution process is ongoing, and details can be found on the Stretto platform.
Mission
Celsius was a global cryptocurrency platform and Bitcoin mining company that provided users with the opportunity to earn interest on their crypto assets. The company aimed to democratize finance by making cryptocurrency accessible and rewarding to a wider audience. Celsius offered a variety of services, including lending, borrowing, and staking, and was focused on providing users with a secure and user-friendly platform to manage their digital assets. However, the company filed for bankruptcy in 2022 and its operations have since ceased.
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