Celsius completes restructuring plan, begins distributing over $3 billion in cryptocurrency and fiat to creditors

TechFlow news: Celsius announced the successful completion of its restructuring plan and exit from bankruptcy proceedings. The plan was approved by 98% of creditors and will begin distributing over $3 billion in cryptocurrency and fiat to creditors, while establishing a new bitcoin mining company, Ionic Digital, Inc., which will be owned by Celsius creditors. Hut 8 will oversee the bitcoin mining operations of this new entity. Celsius will now wind down its operations in an orderly manner, including shutting down its mobile and web applications.