Celsius Has Revealed Its Plans to Restructure the Company

Celsius has revealed its plans to restructure the company. Although Celsius’s mining unit has also filed for bankruptcy, it is still operational. Of the nearly 80,000 mining rigs under Celsius, about 43,000 are still running. The company plans to use Bitcoin from its mining activities to repay its debts. The company is also considering asset sales and third-party investment opportunities. Now, the mining rigs are also a part of their assets, and selling those can impact the already falling mining rig prices. Lastly, the firm may provide customers with the option to recover cash at a discount or remain long on crypto.