The Celsius Mining Scoop With ChazzonKe

Celsius Mining recently completed its Chapter 11 restructuring, and is now managed by Hut 8. Are creditors getting a good deal?

William Foxley

February 6, 20241 min read

Celsius Mining recently completed its Chapter 11 restructuring, and is now managed by Hut 8. Are creditors getting a good deal?

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Celsius Mining was one of the only truly functional parts of Celsius, a defunct lending firm that went belly up in mid-2022. The mining firm recently transitioned to its own entity, Ionic, and is working with Hut 8 to run its mining assets. But did creditors get a good deal? We brought on citizen journalist and long time skeptic ‘ChazzonKe’ to learn more.

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