Celsius Creditors Explore Liquidation of New Bitcoin Mining Firm
- Ionic Digital’s effort to list on Nasdaq has been delayed
- Former customers have also discussed replacing Ionic’s board
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Some former Celsius Network customers are exploring whether they can liquidate Ionic Digital Inc., a Bitcoin mining firm they own with other Celsius creditors that’s struggled to complete plans to go public.
Joseph Sarachek, a lawyer representing some Celsius creditors, told a New York bankruptcy judge Tuesday that his office has been contacted in recent weeks by “numerous shareholders” who have inquired about forcing a liquidation of Ionic’s assets. A different Celsius creditor said during the court hearing that other shareholders are attempting to rally support to remove Ionic’s board of directors.