December 7, 2022, 10:16AM EST
• 3 min read

Celsius Chapter 11 Update and Galaxy's Acquisition of GK8

Quick Take

  • Galaxy Digital agrees to purchase GK8 from Celsius for ~$44.0mm 
  • Required escrow deposit of ~$5.4mm from November 3, 2022 agreement
  • Celsius KERP approved in late November 2022 after being denied earlier this year 
  • Part of Celsius’s ongoing Chapter 11 proceedings 

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