{"id":73925,"date":"2023-02-10T17:22:21","date_gmt":"2023-02-10T15:22:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73925"},"modified":"2025-09-09T17:07:06","modified_gmt":"2025-09-09T14:07:06","slug":"celsius-network-offers-asic-miner-vouchers-to-raise-14-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/celsius-network-offers-asic-miner-vouchers-to-raise-14-million\/","title":{"rendered":"Celsius Network offers ASIC-miner vouchers to raise $14 million"},"content":{"rendered":"<p>The bankrupt Celsius Network plans to realise $7.4 million in Bitmain mining-purchase vouchers and $7 million in loans before their expiry. This was announced by temporary <span data-descr=\\\"chief operating officer\\\" class=\\\"old_tooltip\\\">COO<\/span> of the platform Christopher Ferraro, writes<a href=\\\"https:\/\/www.coindesk.com\/business\/2023\/02\/10\/bankrupt-crypto-lender-celsius-seeks-to-raise-14m-from-bitmain-mining-vouchers\/\\\"> CoinDesk<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>The vouchers provide a 10\u201330% discount on future device purchases from Bitooda, the equipment broker. The loans accrue when paid in installments.<\/p>\n<p>\\n\\n<\/p>\n<p>The nominal value of the vouchers on Celsius&#8217;s balance sheet is estimated at $48 million.<\/p>\n<p>\\n\\n<\/p>\n<p>The company is in talks with six potential buyers, according to the executive.<\/p>\n<p>\\n\\n<\/p>\n<p>The court will review the proposal on February 15.<\/p>\n<p>\\n\\n<\/p>\n<div class=\\\"wp-block-text-wrappers-update-2 article_update\\\"><time class=\\\"gtb_text-wrappers_update_time\\\">17 February 2023 | 13:45<\/time><span class=\\\"gtb_text-wrappers_update_head\\\">Update: <\/span>\\n<\/p>\n<p>The bankruptcy judge Martin Glenn, in a ruling dated February 16, <a href=\\\"https:\/\/cases.stretto.com\/public\/x191\/11749\/PLEADINGS\/1174902162380000000058.pdf\\\" title=\\\"\\\">approved<\/a> the offer to realise $7.4 million of vouchers \\\u201cin the interests of creditors and other parties\\\u201d.<\/p>\n<p>\\n<\/p><\/div>\n<p>\\n\\n<\/p>\n<p>On June 13, 2022, Celsius <a href=\"https:\/\/u1f987.com\/en\/news\/celsius-token-plunges-50-amid-withdrawal-suspension\">suspended withdrawals, exchanges and transfers<\/a> between accounts.<\/p>\n<p>\\n\\n<\/p>\n<p>One month later, the platform <a href=\"https:\/\/u1f987.com\/en\/news\/celsius-files-for-bankruptcy-protection\">filed for bankruptcy<\/a> under Chapter 11 of the U.S. Bankruptcy Code. The company&#8217;s liabilities exceeded its assets <a href=\"https:\/\/u1f987.com\/en\/news\/gap-in-celsius-network-balance-sheet-amounts-to-2-85-billion\">by $2.85 billion<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>In September, Alex Mashinsky <a href=\"https:\/\/u1f987.com\/en\/news\/alex-mashinsky-resigns-as-celsius-network-chief-executive\">left<\/a> Celsius&#8217;s CEO post.<\/p>\n<p>\\n\\n<\/p>\n<p>In early 2023, the New York Attorney General charged Mashinsky <a href=\"https:\/\/u1f987.com\/en\/news\/new-york-attorney-general-sues-former-celsius-ceo-for-defrauding-investors\">with defrauding investors \\\u201cbillions of dollars\\\u201d<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>In February, a forthcoming Celsius CEO book <a href=\"https:\/\/u1f987.com\/en\/news\/publisher-pulls-alex-mashinskys-book-after-celsius-bankruptcy\">was pulled from sale<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bankrupt Celsius Network plans to realise $7.4 million in Bitmain mining-purchase vouchers and $7 million in loans before their expiry, according to temporary chief operating officer Christopher Ferraro, CoinDesk reports.<\/p>\n","protected":false},"author":1,"featured_media":73926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1348,1137],"class_list":["post-73925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-celsius-network","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=73925"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73925\/revisions"}],"predecessor-version":[{"id":73927,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73925\/revisions\/73927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/73926"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=73925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=73925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=73925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}