Celsius Network
- Company typePrivate
- Founded2017
- HeadquartersLondon, United Kingdom
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
Celsius Network firmographics
Firmographics- Name
- Celsius Network
- Legal name
- Celsius Network LLC
- Website
- https://celsius.network
- Company type
- Private
- Founded year
- 2017
- Operating status
- Closed
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Celsius Network industry classification
Industry- Product category
- Cryptocurrency Lending
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Miscellaneous Financial Investment Activities (523999)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- Centralized Crypto Lending Platforms (CeFi) (FSADAFAA)
- akta.pro secondary industries
- Crypto Borrowing & Margin Credit Facilities (FSADAFAC), Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG)
Keywords
Where Celsius Network is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Celsius Network business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales
Revenue model
- Cryptocurrency lending: Celsius generated revenue by lending customer deposits to institutional borrowers and earning interest spreads. The platform promised users high yields on their deposited cryptocurrencies.
- Bitcoin mining: Celsius operated a Bitcoin mining business as part of its operations.
Go-to-market motion1 record
Distribution channels1 record
Celsius Network product offering
Product offeringCore offering
Celsius Network operated a blockchain-based cryptocurrency lending platform accessible via free mobile and web applications, allowing retail users to deposit digital assets to earn interest and borrow against their crypto holdings. The company also ran a Bitcoin mining business that was restructured into Ionic Digital LLC following its emergence from Chapter 11 bankruptcy in January 2024. Operations were wound down in February 2024, with the platform's mobile and web apps shut down.
Product overview
Celsius Network was a single-platform cryptocurrency lending and borrowing service offering. The platform provided crypto yield products, collateralized loans, and wallet services to retail users. The company also operated a Bitcoin mining business. Following its 2022 collapse and Chapter 11 bankruptcy, the company emerged from bankruptcy in January 2024 as a reorganized entity, with its mining business restructured into Ionic Digital LLC and mobile/web applications shut down as of February 29, 2024 as part of the winding down of business operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Celsius Cryptocurrency Platform A global cryptocurrency platform that offered crypto lending, borrowing, and interest-earning wallet services to retail users. The platform allowed users to deposit cryptocurrencies to earn interest and to borrow against their crypto holdings. The mobile and web applications were shut down on February 29, 2024 as part of winding down operations following the company's emergence from Chapter 11 bankruptcy.
- Celsius Bitcoin Mining Business (reorganized as Ionic Digital LLC) Bitcoin mining operations originally operated by Celsius Network. Following the company's Chapter 11 emergence, the mining business was reorganized into a separate entity, Ionic Digital LLC, in which some eligible creditors received equity shares.
Companies that use Celsius Network
Customer profileSegments1 record
Ideal customer profiles1 record
Celsius Network technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Celsius Network partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- GXD LabscoreGXD Labs managed the Celsius bankruptcy litigation through the Blockchain Recovery Investment Consortium (BRIC), which was appointed Complex Asset Recovery Manager and Litigation Administrator in the Celsius Network bankruptcy in January 2024.
Scale indicators6 records
Recent moves7 records
Expansion highlights3 records
Celsius Network competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key highlights5 records
Customer concentration
Celsius Network social profiles
Digital presenceCelsius Network financial estimates
Financial estimateRevenue estimate
Valuation estimate
Celsius Network leadership team
Management profileNumber of profiles
Profiles11 records
Celsius Network subsidiaries and ownership
Company hierarchySubsidiaries1 record
Celsius Network funding detail
Funding detailFunding overview
Funding rounds8 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Celsius Network M&A and investment
M&A and investmentM&A2 records
Investments8 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Celsius Network
What does Celsius Network do?
Celsius Network operated a blockchain-based cryptocurrency lending platform accessible via free mobile and web applications, allowing retail users to deposit digital assets to earn interest and borrow against their crypto holdings. The company also ran a Bitcoin mining business that was restructured into Ionic Digital LLC following its emergence from Chapter 11 bankruptcy in January 2024. Operations were wound down in February 2024, with the platform's mobile and web apps shut down.
Is Celsius Network a public or private company?
Celsius Network is a private company. It is classified as venture growth investor backed and is currently closed.
When was Celsius Network founded?
Celsius Network was founded in 2017. It employs 501 to 1,000 people.
Where is Celsius Network based?
Celsius Network is headquartered in London, United Kingdom, in the Europe region.
How does Celsius Network make money?
Two revenue lines are on record. Cryptocurrency lending is the primary driver. The others are bitcoin mining.
Does Celsius Network have an API?
No public API is recorded for Celsius Network.
What industry is Celsius Network in?
Celsius Network's product category is Cryptocurrency Lending. Its primary akta.pro industry code is FSADAFAA, Centralized Crypto Lending Platforms (CeFi), with a secondary code of FSADAFAC, Crypto Borrowing & Margin Credit Facilities. Its NAICS code is 523 and its SIC code is 6200.