header-langage
简体中文
繁體中文
English
Tiếng Việt
한국어
日本語
ภาษาไทย
Türkçe
Scan to Download the APP

Celsius CFO: The Company may have sufficient cash to fund its operations through year end

2022-08-20 08:49
Celsius Network may now have sufficient funding to keep it operating until the end of the year, Chris Ferraro, Celsius Chief Financial Officer, said in a statement at a bankruptcy hearing with creditors on Aug 20. Additional funding comes from a $61 million loan to Bitfinex, which maturates in the coming weeks, and $20 million in related tax savings from Celsius's purchase of mining equipment. Celsius is expected to become cash flow positive by early 2023. As previously reported by BlockBeats, Celsius held insufficient cash to sustain its operations for three months, as revealed in a new court filing on Monday by Kirkland & Ellis, the law firm hired by Celsius Network, It predicts the company will run out of money by the end of October.
举报 Correction/Report
This platform has fully integrated the Farcaster protocol. If you have a Farcaster account, you canLogin to comment
Correction/Report
Submit
Add Library
Visible to myself only
Public
Save
Choose Library
Add Library
Cancel
Finish