SCOOP: Private-equity giant apolloglobal is involved in the NovaWulfDigital bid to buy bankrupt crypto lender CelsiusNetwork. IanAllison123 reports
Apollo, which is one of the largest private-equity firms in the world, did not respond to requests for comment. NovaWulf declined to comment.
The revamped Celsius will mine bitcoin , participate in ether staking and issue blockchain-based security tokens representing ownership interests in itself. A winner of the Celsius auction has not yet been announced; the sale process wasInvestors in the NovaWulf bid – if it’s picked as the winner – will receive a tiered management fee plus an incentive fee tied to the restructured Celsius’ net asset value , according to an investor deck seen by CoinDesk.
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