On August 28th, according to Bloomberg, some former clients of Celsius Network are exploring the liquidation of Ionic Digital Inc., a bitcoin mining company they jointly own with other Celsius creditors. Joseph Sarachek, a lawyer representing Celsius creditors, told a New York bankruptcy judge on Tuesday that his office had been contacted by "numerous shareholders" in recent weeks asking whether to force the liquidation of Ionic's assets. Another Celsius creditor told a court hearing that other shareholders are trying to replace Ionic's board of directors. Ionic has positive cash flow and owns about $200 million in cash and cryptocurrency, Ionic attorney Gregory Pesce said at Tuesday's hearing. Ionic now plans to go public "sometime in 2025." Hiring a new audit firm could take a few more weeks, he added. Former audit firm RSM US terminated its partnership not because of a disagreement with the firm over accounting principles, but because of its decision to no longer accept cryptocurrency clients. According to previous news, at the beginning of this year, Ionic Digital acquired all of Celsius' mining assets as part of Celsius' exit from Chapter 11 bankruptcy proceedings. Celsius' bankruptcy administrators have released more than $2.53 billion to about 251,000 creditors, according to court filings this Monday. These payments cover about two-thirds of Celsius' eligible creditors (by volume) and about 93% of its eligible value.