Arrington-Led Group Wins Rights to Manage Celsius Assets.

The rival bid from the Gemini-backed consortium group proposed spinning off Celsius's mining business as a publicly traded company wholly owned by creditors, and for remaining assets to go through a wind-down process. (Bloomberg) -- Failed crypto lender Celsius Network LLC is poised to restart as a new company after Fahrenheit LLC, a group of bidders led by investment firm Arrington Capital, won an auction to oversee its assets. [Extracted from the article]