Celsius Network reports $32.73 million net profit for April

By Sarah Lizee

Olympia, Wash., May 22 – Celsius Network LLC reported a $32.73 million net profit on $5.84 million of gross income/sales for April, according to its monthly operating report filed Sunday with the U.S. Bankruptcy Court for the Southern District of New York.

The bulk of the profit was listed as realized and unrealized crypto gains.

The cash balance at the end of April was $322,748.

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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