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Celsius Network Receives Multiple Bids for Retail, Mining Assets

Dec. 20, 2022, 3:59 PM

Bankrupt crypto lender Celsius Network LLC has received multiple bids for its retail platform and mining businesses, according to a company presentation delivered in court Tuesday.

Terms of the bids weren’t disclosed. They included offers for the retail platform, the mining business and a combination of the two, a lawyer for Celsius told US Bankruptcy Judge Martin Glenn in the hearing Tuesday. The potential buyer pool includes 30 parties.

Celsius advisers haven’t yet decided whether they’ll sell the crypto lender as whole, in pieces or if they’ll pursue a different restructuring plan. They intend to work with potential buyers in ...