Cryptocurrency

Celsius Defends Bitcoin Mining Plans, Hopes to Repair Relationship With Customers as Bankruptcy Kicks Off

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Celsius Defends Bitcoin Mining Plans, Hopes to Repair Relationship With Customers as Bankruptcy Kicks Off

Celsius Network, the crypto lender that recently filed for bankruptcy, defended is decision to begin Bitcoin mining operations at a bankruptcy court hearing on Monday. The lender received approval from the court to spend $3.7 million (roughly Rs. 30 crore) in construction costs at a new Bitcoin mining facility and $1.5 million (roughly Rs. 12 crore) on customs and dut…

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