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News Explorer — Remnants of Celsius Network Awarded to Fahrenheit, Pending Regulatory Approval

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May 25, 6:38 am
Coindesk

Remnants of Celsius Network Awarded to Fahrenheit, Pending Regulatory Approval

Crypto consortium Fahrenheit has won a bid to acquire insolvent lender Celsius Network, with a deposit of $10 million due within three days. The deal includes Celsius’s institutional loan portfolio, staked cryptocurrencies, mining unit and additional alternative investments. US Bitcoin Corp will construct a range of crypto mining facilities, and the bid must be approved by regulators to finalize the acquisition.

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