BlockFi has gained permission in bankruptcy court to sell its cryptocurrency mining equipment, Bloomberg reported  Jan. 30.

Bloomberg cited statements made by BlockFi representatives during a video hearing today. The company’s lawyer, Francis Petrie, said:

“We’ve received substantial interest in the market for bidding purposes and current volatility in the cryptocurrency market, which means we need to act quickly.

Petrie said the bidding period for BlockFi’s mining equipment will conclude on Feb. 20. The auction will begin one week later, and any deal that results from the process will be approved in March. The company has reportedly received initial bids already.

BlockFi intends open bidding as soon as possible in order to capitalize on the cryptocurrency market’s recent gains.