Luna Squares LLC, a separate subsidiary, hosted about 10,000 machines for bankrupt crypto lender Celsius as of the end of December 2022, according to court filings. Celsius loaned $20 million to Mawson in February 2022 and the two firms discussed another $20 million loan the following June. Luna Squares didn’t plan to add more Celsius machines as specified in their contract until the loan went through, the filings said. Luna Squares holds $15.3 million in Celsius deposits, according to the bankruptcy filings.
