Celsius

Lightbridge CEO Seth Grae to Participate in Panel Discussion at COP28

Retrieved on: 
Monday, December 4, 2023

Joining Mr. Grae on the panel will be Maví Zingoni, CEO of Power at GE Vernova.

Key Points: 
  • Joining Mr. Grae on the panel will be Maví Zingoni, CEO of Power at GE Vernova.
  • The panel will be moderated by award-winning Al Arabiya News Channel Senior Producer and Presenter of the weekly 'The Future Of Energy' show, Naser El Tibi.
  • The panel discussion will focus on the critical contribution of nuclear energy to the transition towards sustainable energy sources, offering an in-depth exploration of the future prospects of nuclear power, highlighting groundbreaking technologies and innovations with the potential to significantly transform the global energy paradigm.
  • The panel discussion comes at a historic time for the nuclear industry.

Celsius to Transition to Mining-Only NewCo following Bankruptcy Court’s Confirmation of Plan

Retrieved on: 
Tuesday, November 21, 2023

On November 9, 2023, the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) confirmed Celsius Network LLC’s (“Celsius” and together with its debtor affiliates, the “Debtors”) chapter 11 plan (the “Plan”).

Key Points: 
  • On November 9, 2023, the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) confirmed Celsius Network LLC’s (“Celsius” and together with its debtor affiliates, the “Debtors”) chapter 11 plan (the “Plan”).
  • This was the core business of the new company that was proposed to be created with Fahrenheit, LLC that was described in the Plan (the “Fahrenheit NewCo”).
  • Celsius is in discussions with certain parties regarding the terms and conditions of the future management of the Mining NewCo.
  • In the coming weeks, the Debtors intend to file a motion with the Bankruptcy Court to approve modifications to the Plan to reflect the new Mining NewCo transaction.

Outdoor Thermometer Market report from 2022-2027 by Technavio - The market size to grow by USD 53.77 million during the forecast period

Retrieved on: 
Friday, December 15, 2023

This market expansion is anticipated to yield an increase in market size by USD 53.77 million, driven by several influential factors.

Key Points: 
  • This market expansion is anticipated to yield an increase in market size by USD 53.77 million, driven by several influential factors.
  • The escalating preference for digital thermometers stems from their ability to deliver accurate temperature readings, thereby significantly fueling the growth of the global outdoor thermometer market during the forecast period.
  • Thermometers Market : The thermometers market size is estimated to grow at a CAGR of 8.86% between 2022 and 2027.
  • Flexible Electronics Market : The flexible electronics market is estimated to grow at a CAGR of 9.82% between 2022 and 2027.

US Bitcoin Corp Updates on Merger with Hut 8 and Court Approval of Celsius Bankruptcy Plan

Retrieved on: 
Friday, November 10, 2023

Today, U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp (USBTC) announces two significant developments: the progression of its merger with Hut 8 Mining Corp (“Hut 8”) and court approval of the Celsius restructuring plan.

Key Points: 
  • Today, U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp (USBTC) announces two significant developments: the progression of its merger with Hut 8 Mining Corp (“Hut 8”) and court approval of the Celsius restructuring plan.
  • “Joining forces with Hut 8 marks a new phase of growth for our shared company.
  • The merger is expected to close by November 30, 2023, subject to approval from USBTC stockholders and other customary closing conditions.
  • Furthermore, USBTC, in collaboration with its consortium partners Arrington Capital, Proof Group, Steve Kokinos, and Ravi Kaza, acknowledges the significant milestone of the court's approval of the Celsius bankruptcy restructuring plan.

Affordable and Abundant Solar and Hydrogen are Key in the Fight Against Climate Change

Retrieved on: 
Monday, December 11, 2023

However, as we navigate this energy transition, a "trilemma" looms large -- balancing energy security, energy equity, and environmental sustainability. The World Energy Council emphasizes the trilemma, highlighting the intricate challenge each country faces in harmonizing each of the three elements.

Key Points: 
  • In this speech, he emphasized the crucial role of "affordable and abundant solar and hydrogen in the fight against climate change".
  • As the Founder and President of LONGi, a global leader in solar technology, I recognize the pivotal role that solar energy must play in addressing the climate crisis.
  • Recognizing the need for deep decarbonization in industrial systems, we anticipate the rise of hydrogen as another key energy source.
  • The opportunities for everyone to contribute to the fight against climate change through renewable energy solutions are boundless, and increasingly affordable.

Affordable and Abundant Solar and Hydrogen are Key in the Fight Against Climate Change

Retrieved on: 
Monday, December 11, 2023

However, as we navigate this energy transition, a "trilemma" looms large -- balancing energy security, energy equity, and environmental sustainability. The World Energy Council emphasizes the trilemma, highlighting the intricate challenge each country faces in harmonizing each of the three elements.

Key Points: 
  • In this speech, he emphasized the crucial role of "affordable and abundant solar and hydrogen in the fight against climate change".
  • As the Founder and President of LONGi, a global leader in solar technology, I recognize the pivotal role that solar energy must play in addressing the climate crisis.
  • Recognizing the need for deep decarbonization in industrial systems, we anticipate the rise of hydrogen as another key energy source.
  • The opportunities for everyone to contribute to the fight against climate change through renewable energy solutions are boundless, and increasingly affordable.

Consortium Behind Winning Bid for Celsius Bankruptcy Proceedings Provides Update as Chapter 11 Plan Confirmed by Court

Retrieved on: 
Friday, November 10, 2023

MIAMI, Nov. 9, 2023 /PRNewswire/ -- Arrington Capital, a thesis-driven firm investing in digital assets and Web3 since 2017, today announced that the Chapter 11 plan for the Celsius bankruptcy proceedings the firm has been involved in was confirmed by the United States Bankruptcy Court for the Southern District of New York.

Key Points: 
  • Arrington Capital, part of a consortium that emerged as the winning bidder in the Celsius bankruptcy auction, collaborated with key players including US Bitcoin Corp., Proof Group, Steven Kokinos, and Ravi Kaza.
  • The consortium's proposed plan received overwhelming support from creditors, with 95% of voters in favor, during a recent vote earlier this month.
  • The confirmed plan outlines a strategic approach, providing capital, management team, and technology required to establish and operate the new entity as outlined in the bid, which will be implemented pursuant to a Chapter 11 plan.
  • Despite the challenges faced by large web3 companies last year, Celsius stands out as a company well-positioned to be reinvented under the consortium's stewardship.

Consortium Behind Winning Bid for Celsius Bankruptcy Proceedings Provides Update as Chapter 11 Plan Confirmed by Court

Retrieved on: 
Friday, November 10, 2023

MIAMI, Nov. 9, 2023 /PRNewswire/ -- Arrington Capital, a thesis-driven firm investing in digital assets and Web3 since 2017, today announced that the Chapter 11 plan for the Celsius bankruptcy proceedings the firm has been involved in was confirmed by the United States Bankruptcy Court for the Southern District of New York.

Key Points: 
  • Arrington Capital, part of a consortium that emerged as the winning bidder in the Celsius bankruptcy auction, collaborated with key players including US Bitcoin Corp., Proof Group, Steven Kokinos, and Ravi Kaza.
  • The consortium's proposed plan received overwhelming support from creditors, with 95% of voters in favor, during a recent vote earlier this month.
  • The confirmed plan outlines a strategic approach, providing capital, management team, and technology required to establish and operate the new entity as outlined in the bid, which will be implemented pursuant to a Chapter 11 plan.
  • Despite the challenges faced by large web3 companies last year, Celsius stands out as a company well-positioned to be reinvented under the consortium's stewardship.

Celsius Holdings Announces Three-for-One Stock Split

Retrieved on: 
Thursday, November 2, 2023

BOCA RATON, Fla., Nov. 2, 2023 /PRNewswire/ -- Celsius Holdings (Nasdaq: CELH) today announced that its Board of Directors has approved a three-for-one split of its common stock.

Key Points: 
  • BOCA RATON, Fla., Nov. 2, 2023 /PRNewswire/ -- Celsius Holdings (Nasdaq: CELH) today announced that its Board of Directors has approved a three-for-one split of its common stock.
  • Each shareholder of record at the close of business on Nov. 13, 2023, will receive two additional shares of Celsius common stock for each share held as of that date.
  • Celsius expects that the common stock will trade on a split-adjusted basis commencing with the opening of trading on the Nasdaq Capital Market on Nov. 15, 2023.

PEPSICO BEVERAGES NORTH AMERICA OPENS NEW DISTRIBUTION AND SATELLITE WAREHOUSE IN PITTSBURGH, PA

Retrieved on: 
Wednesday, November 1, 2023

PURCHASE, N.Y., Nov. 1, 2023 /PRNewswire/ -- Today, PepsiCo Beverages North America (PBNA) announced a brand-new 150,000 square foot distribution and satellite warehouse in the Pittsburgh, PA area, following a ribbon cutting ceremony. With a presence in the area for more than 65 years and having recently celebrated the Pepsi brand's 125th anniversary, PepsiCo Beverages North America is continuing to invest in the greater Pittsburgh metro area by enhancing its business operations and committing to future job opportunities.

Key Points: 
  • The Pittsburgh warehouse, officially located in Coraopolis, PA, welcomed all 275 employees from the former McKee's Rocks facility and was built with future growth in mind.
  • "At PepsiCo Beverages North America, we're proud to invest and build for the future, across the North Division.
  • With this new facility, we have upgraded our operation, providing a better experience for our team," said Richard Glover, North Division President, PepsiCo Beverages North America.
  • The new facility is located on International Drive in Coraopolis, PA, just north of Pittsburgh International Airport and off I-376.