Celsius Network reports $255.46 million profit for December

By Sarah Lizee

Olympia, Wash., Jan. 23 – Celsius Network LLC reported a $255.46 million profit for December on $15.21 million of gross income or sales, according a monthly report filed with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, the company posted a $646.86 million profit for November on $2.59 million of gross income or sales.

The debtor reported $352,709 of cash at the end of December, up from $83,041 at the end of November.

The Hoboken, N.J.-based cryptocurrency lending platform filed bankruptcy on July 13, 2022 under Chapter 11 case number 22-10964.

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