Celsius Mining recently completed its Chapter 11 restructuring, and is now managed by Hut 8. Are creditors getting a good deal? 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. Please note some details around Celsius Mining’s wallets have changed since publication. Please also note at 0:55 Chazz is speaking about quarterly numbers but says ‘monthly.’
