Bitcoin Miner Core Scientific Reaches Agreement To Shut Off Celsius Mining Rigs
Core Scientific will shut off thousands of Celsius mining rigs, after the two bankrupt firms finally came to an agreement after months of dispute. At one point, the company’s lawyers said that Core was losing $53,000 per day on the hosting agreement.
Following Core’s own plunge into bankruptcy in December, the two companies have now agreed to shut off 37,000 Celsius mining rigs. In a bankruptcy hearing on Tuesday, a lawyer for Celsius said that a deal to fully end the relationship was being finalized. The company said when it filed for bankruptcy last month that it would continue operations throughout the process.claimed it could use the additional capacity to generate as much as $2 million a month.
Source
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