Defunct crypto lender BlockFi has earned court approval to sell its remaining assets.

As per a new filing made in a New Jersey Bankruptcy Court on January 30, potential suitors will have until February 20 to submit their bids for BlockFi’s assets. 

If applicable, an auction for the assets will then be held on February 28. Creditor's representatives have until March 16 to object to the sale of these assets.

BlockFi first applied to appoint independent “appraisers, auctioneers, or other professional persons” for the administration of its bankruptcy case on December 19.

The assets up for sale could potentially include the multitude of crypto-mining equipment that the company holds. 

As per a report from Bloomberg last week, the company was considering offloading,8,000 Bitcoin mining machines, in exchange for up to $160 million in loans. 

(By Will McCurdy)

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