After the judge approved the "MiningCo transaction" that switched to Bitcoin mining, Celsius posted on the X platform that the MiningCo transaction is considering establishing a new publicly traded Bitcoin mining company and will increase its account holdings after Celsius emerges from bankruptcy. Liquidity cryptocurrency distribution for people, this is expected to happen in early 2024.
In addition, Celsius also revealed that customers will own shares of Mining NewCo, which will be managed by US Data Mining Group, Inc. d/b/a US Bitcoin Corp (USBTC). Users who are eligible for liquidity allocations will receive liquidity allocations in the coming weeks. Receive an email with details.
According to previous news, Celsius successfully obtained approval from the New York Bankruptcy Court for its reorganization plan and will continue to focus on the implementation of its Bitcoin mining plan.