Join the larget crypto conference of 2022 in Bitcoin
Bitcoin
$ 39,046

Celsius will set up a new bitcoin mining facility to restabilize its business

0
(0)
Celsius will set up a new bitcoin mining facility to restabilize its business 2

The troubled crypto lending firm is moving toward its existing mining business expansion to make its operations live. 

Celsius Network is a crypto lending platform. In short, we can say that the Celsius platform provides an option for crypto holders to earn an extra yield on holding. During the extreme market situation, Celsius faced huge problems & as a result platform halted its services on 12 June 2022. Now the Celsius team is trying to follow every possible way to get out of this situation.

According to reports, Celsius successfully received regulatory approval to set up its new bitcoin mining facility, to restructure the business take-off.  This time the company is planning to step toward a new journey, which will be closely monitored. 

Recently published documents by Celsius confirmed that it will invest $3.7 million to construct a new Bitcoin mining facility and an additional $1.5 million on customs and duties to import bitcoin mining machines. 

Celsius: an old Bitcoin miner company 

Celsius company already has its hand in Bitcoin mining operations. In the United States, Celsius runs 43,000 mining rigs and the document says that the company plans to increase this figure to around 112,000 by Q2 2023.

Documents noted that the company lost huge assets holdings between March 30 and July 14. The company’s assets dropped from $22.1 billion to $4.3 billion.

In this situation, the company is planning to bring some net profit through Bitcoin mining and also planning to sell its assets & Invest in third-party companies.

The last plan of this company is to offer an option for the customers to choose either cash at a discount or remain “long” crypto. 

Chapter 11 recovery plan  reads:

“It will (i) provide customers with the option, at the customers’ election, to recover either cash at a discount or remain “long” crypto, (ii) maximize returns for stakeholders, and (iii) reorganize the Celsius business.”

Read also: Hong Kong Monetary Authority Exec says Crypto may play important role in future finance

Celsius will set up a new bitcoin mining facility to restabilize its business

 

https://bitcoinik.com/celsius-will-set-up-a-new-bitcoin-mining-facility-to-restabilize-its-business/feed/

https://bitcoinik.com/celsius-will-set-up-a-new-bitcoin-mining-facility-to-restabilize-its-business/feed/

 

 

 

 

 

Ads by Cryptonews24

 

ETH-ERC20 Mining and Financial Management

ETH-ERC20 Mining and Financial Management

✅ Minimum Investment: 10 USDT.
✅ Minimum withdrawal: 1 USDT.
✅ Withdrawal time: 24h.
✅ Withdrawal day: Everyday.
✅ 5% cashback on first investment.
✅ daily profit 6-11.5% on your investment (Profit will be added every hour in your wallet).
✅ Get up to 10% referral Bonus.

The output of liquid mining is not constant and may be affected by the liquidity of the blockchain. The expected daily production income:

✅ VIP1: DEPOSIT 50~10000 USDT GET 2% EVERYDAY

✅ VIP2: DEPOSIT 10001~50000 USDT GET 2.5% EVERYDAY

✅ VIP3: DEPOSIT 50001~100000 USDT GET 3% EVERYDAY

✅ VIP4: DEPOSIT 100001~200000 USDT GET 4% EVERYDAY

✅ VIP5: DEPOSIT 200001~500000 USDT GET 5% EVERYDAY

✅ VIP6: DEPOSIT 500001~1000000 USDT GET 7% EVERYDAY

✅ VIP7: DEPOSIT OVER 1000001 USDT GET 8% EVERYDAY

 

📌 You must open wallet  (Metamask, Tronlink e.t.c. ) and connect it,  for earning income

▬▬▬▬▬▬▬▬▬▬▬▬▬▬

𝙍𝙀𝙂𝙄𝙎𝙏𝙍𝘼𝙏𝙄𝙊𝙉 𝙇𝙄𝙉𝙆👇🏽
https://eth-trc20.org/h5/#/?p=16327

 

ETH-ERC20 Mining and Financial Management

▬▬▬▬▬▬▬▬▬▬▬▬▬▬

👇👇👇👇👇👇👇👇👇👇
Support Telegram Group: https://t.me/+TjCkS2KwKfQwZjM0

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

TELEGRAM
Cryptonews24 Channel Chat