The Celsius Bid Auction will be held on April 25th, with bidders including NovaWulf, Fahrenheit and three participants

The official committee of Celsius Unsecured Creditors said the auction will be held on April 25, with bidders including digital asset investment firm NovaWulf, Fahrenheit, LLC, Blockchain Recovery Investment Committee. Of these, Fahrenheit, LLC Arrington Capital, U.S. Data Mining Group, Inc. (d/b/a U.S. Bitcoin Corp.), Proof Group Capital Management LLC, Steven Kokinos and Ravi Kaza are directly or indirectly owned. The Blockchain Recovery Investment Committee includes Van Eck Absolute Return Advisers Corporation, Global X Digital, LLC, and others. Celsius' plans for a competitive bidding process have been approved by a U.S. federal judge and the U.S. Bankruptcy Court for the Southern District of New York. As ordered by the bidding process, the debtor, in consultation with the Commission, has determined, in its reasonable discretion, that conducting the auction will maximize the debtor's value. Foresight News previously quoted CoinDesk as reporting that in mid-April, NovaWulf stated that it planned to take over all the assets of Celsius and transfer them to a new company after its creditors were paid. NovaWulf will manage the new company for five years, and the board of directors will be composed of NovaWulf and the official creditor committee. elected.