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While Celsius went bankrupt in July of 2022, one part of the company, for some reason, remained functional and available for download: the Celsius phone app. However, as of February 29, that has finally changed and the mobile app is officially shutting down. According to the Celsius website, the plan was already announced way ahead of time and can be found in its ‘Plan of Reorganization.’ The application is already no longer available for download on the Apple App store and the company has recommended that users “remov[e] the app from [their] device.” Just deleted the Celsius App! Good riddance!#LeapYear pic.twitter.com/EBFsHeRROL — Ruppi Macho ️ (@realrephy) February 29, 2024 Read more: The Mashinskys used Celsius to promote Strong blockchain — and it still failed Small hurdle in a long march The shutting down of the mobile app is a small bump in the road for the newly-out-of-bankruptcy Celsius , which also has plans to launch a cryptocurrency mining bus...

Core Scientific estimated that canceling the agreement with Celsius will provide $2 million in revenue per month as long as Bitcoin stays around $16,700. Bankrupt cryptocurrency lender Celsius Network agreed to let Bitcoin (BTC) miner Core Scientific shut off more than 37,000 mining rigs it had been hosting for Celsius during the miner’s Bankruptcy proceedings. Core Scientific filed a revised proposed order on Jan. 3 which incorporated “revisions acceptable to Celsius” noting “all Celsius rigs will be powered down effective January 3, 2023 and will not be restarted during the transition period.” Previously, Core Scientific accused Celsius of failing to pay its power bills on Oct. 19 citing the non-payment as a major factor leading to its liquidity issues after the Bitcoin miner filed for Chapter 11 bankruptcy on Dec. 21. On Dec. 28 Core Scientific filed a motion seeking approval to reject Celsius’ contracts claiming the firm's failure to pay its power bills constitutes a materia...