Is Celsius still in business?

On February 29, 2024, Celsius took a decisive step towards this restructuring by shutting down its mobile and web applications. This move was intended to streamline the company's offerings and focus on its CORE competencies.

The decision to shut down the mobile and web apps was outlined in detail in Celsius's Plan of Reorganization. This comprehensive document laid out the company's strategy for emerging from bankruptcy and outlined the steps it would take to regain financial stability.

Celsius, a prominent global cryptocurrency platform and Bitcoin mining company, successfully emerged from Chapter 11 bankruptcy proceedings on January 31, 2024. This milestone marked a significant turnaround for the company, which had faced financial difficulties leading to its bankruptcy filing.

Despite the challenges it faced, Celsius remained committed to its mission of providing innovative cryptocurrency services to its users. The company continued to explore new opportunities and seek partnerships that would help it grow and expand its reach.

Following its emergence from bankruptcy, Celsius faced the challenging task of restructuring its business operations. As part of this process, the company announced that it would be winding down certain aspects of its operations.