The mining business of cryptocurrency lender Celsius Network, which has declared bankruptcy, has published a notice to sell off mining hardware with a $1.3 million market value.
Celsius Network Prepares to Market of $1.3 Million in Mining Hardware
The financial institution announced in January that Core Scientific had stopped hosting more than 37,000 pieces of mining hardware owned by Celsius. According to reports, the Celsius platform had $4.7 billion in customer deposits when the business filed for Chapter 11 bankruptcy in July 2022. Celsius was ruled relief by a federal judge in December and now has until February 15 to submit a reorganization plan.
Celsius came to the conclusion that Touzi‘s offer for the miners was the best after interacting with numerous brokers and market participants. As a result, Celsius decided to sell 2,687 MicroBT M30S ASIC rigs to Touzi Capital. Because Touzi, a blockchain, and real estate investment company, has offered to pay Celsius Mining more than $1.3 million for miners in its Texas data center.
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