NovaWulf Digital Management
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Celsius is still open to other bids, despite NovaWulf’s previous bid
On March 9, Chris Koenig, a lawyer of Celsius Network, revealed at a hearing in the Manhattan Bankruptcy Court on Wednesday that although the asset management company NovaWulf Digital Management had made an offer, the company was still open to a better offer, and it and its creditor committee met with a potential buyer two days ago to review the alternatives. Interpretation of this information: The news that NovaWulf Digital Management made an offer for the asset management company, Celsius Network, was revealed on March 9th. However, the hearing in…
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Celsius plans to sell the retail platform and mining business to NovaWulf
On February 15, it was reported that the debtor of Celsius Network had submitted a sale plan to the United States Bankruptcy Court for the Southern District of New York. This plan is part of the overall restructuring plan of the retail platform and mining business of Celsius. The core is to reach a principled agreement with NovaWulf Digital Management, a digital asset investment company, to sell the retail platform and mining business of Celsius to NovaWulf. Interpretation of this information: The recent news regarding Celsius Network’s debtor submitting a…
