novawulf

ChainCatcher news, the official committee of unsecured creditors of Celsius stated that the auction will be held on April 25, with three bidders including digital asset investment firm NovaWulf, Fahrenheit, LLC, and the Blockchain Recovery Investment Committee.Among them, Fahrenheit, LLC is directly or indirectly owned by Arrington Capital, US Data Mining Group, and others. The Blockchain Recovery Investment Committee includes Van Eck Absolute Return Advisers Corporation, Global X Digital, and others.Previous report, digital asset investment firm NovaWulf plans to take over all assets of Celsius and transfer them to a new company after its creditors are paid. (Source link)

ChainCatcher news, according to CoinDesk, digital asset investment firm NovaWulf plans to take over all assets of Celsius and transfer them to a new company after its creditors are compensated. NovaWulf will manage the new company for five years, and the board will be elected by NovaWulf and the official creditors' committee. The plan is expected to take effect as early as June 30.According to court documents, the equity of the new company will be tokenized and traded on the Provenance blockchain, with Figure Technologies providing the infrastructure for the tokenized securities. (Source link)

ChainCatcher news, Celsius Network has submitted a sale plan to the U.S. Bankruptcy Court for the Southern District of New York. This plan is part of the overall restructuring plan for Celsius's retail platform and mining business, centered around a principle agreement with digital asset investment firm NovaWulf Digital Management to sell the Celsius retail platform and mining operations to NovaWulf.It is reported that the plan was reached after negotiations with the official committee of unsecured creditors, after which a binding agreement will be finalized, designating NovaWulf as the winning bidder for the Celsius retail platform and mining business. NovaWulf will provide $45 million to $55 million in cash. (source link)