TechFlow news — Debtors of Celsius Network have filed a sale plan with the U.S. Bankruptcy Court for the Southern District of New York. The plan is part of a broader restructuring initiative for Celsius’s retail platform and mining operations, centered on a non-binding agreement in principle to sell Celsius’s retail platform and mining business to NovaWulf Digital Management, a digital asset investment firm.
The proposal was reached following consultations with the Official Committee of Unsecured Creditors, after which a binding agreement will be finalized designating NovaWulf as the winning bidder for Celsius’s retail platform and mining operations. NovaWulf will provide between $45 million and $55 million in cash.Source
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