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Golden Finance reported that the defunct cryptocurrency lending platform Celsius has submitted an updated bankruptcy plan to reflect the Fahrenheit consortium's successful bid for assets. Fahrenheit, a consortium of buyers including venture capital firm Arrington Capital and miner US Bitcoin Corp, was declared the winning bidder in May, reversing an attempt by NovaWulf to buy the company, whose assets were previously valued at about $2 billion . The plan, filed early Thursday, must be approved by the New York bankruptcy court overseeing the liquidation and could face objections from creditors.
Under the Fahrenheit deal, the new company will receive between $450 million and $500 million in cryptocurrency, and Bitcoin America will build a series of crypto mining facilities, including a new 100-megawatt plant.