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Celsius Network
Celsius Network is a former crypto lending platform and Bitcoin miner in bankruptcy wind-down, distributing claims to creditors via Stretto.
Celsius Network
Celsius Network was a global cryptocurrency platform and Bitcoin mining company that filed for Chapter 11 bankruptcy protection in July 2022. The firm emerged from bankruptcy on January 31, 2024, and immediately began winding down its business operations. Its mobile and web apps were shut down on February 29, 2024. No founder or CEO is currently named on the firm's website. As part of the Plan of Reorganization, Celsius sells assets and distributes proceeds to Eligible Creditors. Claim distributions began on February 1, 2024, in cryptocurrency and US dollars. Some creditors receive equity shares in Ionic Digital LLC, the reorganized mining business formed under the plan. The firm maintains offices in Austin, New York, Hoboken, and Chicago. No details on headcount, team structure, or professional staff are published. The firm directs inquiries through a claims portal hosted by Stretto, the bankruptcy administrator. Celsius functions purely as a bankruptcy-claims distribution vehicle. Its operating assets — lending platform and mining operations — no longer exist. The firm holds no investment mandate and makes no forward-looking capital commitments. Its entire current framework is estate settlement.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Austin
Corporate office
Austin, TX, United States
Additional offices
New York · Hoboken · Chicago
Sector focus
Frequently asked questions
Does Celsius Network still operate as an active investment firm?
No. Celsius emerged from Chapter 11 bankruptcy on January 31, 2024, and immediately began winding down operations. Its apps were shut down on February 29, 2024. It now functions solely to distribute claim payments to creditors.
Who oversees Celsius's claim distributions?
The firm directs all questions about claim distributions to Stretto, the bankruptcy administrator. No named management or board is publicly disclosed on the firm's current website.
What happened to Celsius's Bitcoin mining business?
Celsius's mining operations were reorganized into a new entity called Ionic Digital LLC as part of the Plan of Reorganization. Some creditors received equity shares in Ionic in lieu of cash or crypto.
Are there any investment opportunities available through Celsius?
No. The firm explicitly states that it has no forward-looking capital deployment. Its entire focus is on winding down and satisfying bankruptcy claims.
What caused Celsius's bankruptcy?
Celsius filed for Chapter 11 protection in July 2022 following market turmoil and a liquidity crisis. The firm stopped withdrawals and ultimately collapsed, leading to the restructuring plan confirmed in 2023.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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