The Globe and Mail reports in its Friday edition that a U.S. bankruptcy judge has approved cryptocurrency lender Celsius Network LLC's pivot to bitcoin mining, ruling that the company could deviate from a previously approved bankruptcy plan because creditors and customers were no worse off under the new restructuring. A Reuters dispatch to The Globe says that U.S. Bankruptcy Justice Martin Glenn in Manhattan on Wednesday said the bankruptcy plan approved in November contained enough flexibility to allow Celsius to switch to a backup plan after it hit a road block with the Securities and Exchange Commission. Celsius filed for Chapter 11 protection in July, 2022, one of several crypto lenders to go bankrupt following the rapid growth of the industry during the COVID-19 pandemic. Celsius had scaled back broader ambitions to earn fees from validating crypto transactions and start new lines of business after the SEC rejected that plan. The switch also meant that Celsius would part ways with some of the outside bidders that were selected to manage the new company, leaving mining company US Bitcoin Corp. squarely in charge of running the new, creditor-owned mining business. US Bitcoin was founded by Hut 8's Asher Genoot.