Celsius is looking for funding with Bitmain vouchers

In conjunction with Core Scientific, the crypto company is trying to pay off its debts by selling off some vouchers.

Celsius Network, which was one of the crypto-winter victims, is looking to raise $14 million through the sale of Bitmain discount vouchers. These are papers that allow you to buy Bitmain products 10-30% cheaper.

As a reminder, Celsius is holding the process of negotiating a liquidation plan after filing for bankruptcy. This activity is identical to that offered by BTC-miner Core Scientific, which was authorized to do the same to raise $1 million.

Under today’s circumstances, debtors can get the highest price for Bitmain vouchers because when the cost falls as they come to an end.

Celsius interim CEO Christopher Ferraro admitted that the company’s existing vouchers are $48 million, with 6 potential buyers currently in talks. The famous crypto company Celsius is scheduled to have a hearing on Feb. 15 in the Southern District of New York court.