According to BlockBeats, the bankrupt crypto lending platform Celsius announced that it has completed the transaction according to the confirmed reorganization plan. The plan includes the distribution of more than $3 billion in cryptocurrencies and fiat currencies to Celsius creditors and the creation of a new Bitcoin mining company, Ionic Digital, Inc. Ionic Digital will be owned by Celsius creditors, and the mining business will be managed by mining company Hut 8. Celsius said it has begun to distribute more than $3 billion in liquid cryptocurrencies and fiat currencies to creditors, and Ionic Digital will continue to provide recovery to creditors. The reorganization plan also includes $225 million in cash capitalization of the new entity (NewCo) and the transfer of specific mining assets to NewCo, excluding Core Rhodium, Mawson and Luxor assets.