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News Explorer — Celsius Network Shifts Focus to Bitcoin Mining Following Bankruptcy

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Nov 21, 8:16 pm
Reuters

Celsius Network Shifts Focus to Bitcoin Mining Following Bankruptcy

Celsius Network, a crypto lender, has decided to pivot its post-bankruptcy business plans and focus solely on bitcoin mining. This decision comes after receiving feedback from the U.S. Securities & Exchange Commission (SEC), which expressed skepticism about Celsius' other planned business lines. The company's restructuring plan, which included earning staking fees and managing cryptocurrency loans, has been scaled back due to regulatory concerns.

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