Celsius Network Emerges From Chapter 11

Celsius Network says it completed transactions under its reorganization plan and emerged from bankruptcy.

• Starts distribution of more than $3b of cryptocurrency to creditors, as part of the plan
• Ionic Digital was created as a new Bitcoin mining company that will continue to deliver recoveries to creditors
• Ionic Digital stock is expected to be publicly traded once approvals are received
• Ionic Digital will be owned by Celsius’s creditors, who will own equity in the form of common stock
• NOTE: Dec. 28, Celsius Approved for Pivot to Bitcoin Mining Bankruptcy Plan

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