Since March 2, Celsius has processed approximately $21.2 million of withdrawals from custody accounts

as report goes, Celsius said on Twitter: “Today, Celsius provided the court with a brief update of our withdrawal process for some eligible users and our mining business. Since the re-opening of withdrawals for some eligible escrow account users on March 2, Celsius has processed approximately $21.2 million of completed and pending withdrawals. Due to the rise in the price of Bitcoin, we have also increased the gross profit rate and increased the number of mining machines deployed since January. Today The court approved our motion to extend the franchise to the end of March. We will continue to work closely with all stakeholders and NovaWulf to complete the rest of our plan. “

Interpretation of this information:

The message is an update from the company Celsius regarding their withdrawal process for eligible users and their mining business. Celsius reports that they have processed approximately $21.2 million of completed and pending withdrawals since reopening withdrawals for some eligible escrow account users on March 2. They also state that due to the rise in the price of Bitcoin, their gross profit rate has increased and they have deployed more mining machines since January.

Celsius further reveals that the court has approved their motion to extend the franchise to the end of March. The company emphasizes that they will continue to work closely with all stakeholders and NovaWulf to complete the rest of their plan.

It is evident that Celsius is making efforts to resolve their withdrawal process issue for eligible users. The rise in the price of Bitcoin has had a positive impact on Celsius’ gross profit rate and expansion of their mining operation. Celsius is also working closely with all stakeholders and NovaWulf to achieve their objective.