Celsius CFO: Celsius's funds can support operations until the end of the year

According to CoinDesk, Celsius Chief Financial Officer Chris Ferraro said at the bankruptcy hearing that Celsius's existing funds can support operations until the end of the year. Chris Ferraro said that the funds come from a $61 million loan from Bitfinex that will expire in the next few weeks and about $20 million in taxes and fees saved on the purchase of mining equipment. Celsius is expected to achieve positive cash flow in early 2023. Chris Ferraro also said that US$40 million of Celsius' stockpile has been used to build its mine in Texas and pay wages. Additionally, Celsius has frozen all activity on its retail loans, including not requiring customers to pay interest on their loans and not liquidating them. According to court documents, the customer has only 15,000 bitcoins and 23,000 WBTC left on the Celsius platform of about 100,000 bitcoins.