Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting costs, as the crypto lender has been unable to make regular payments as outlined in the hosting contract.
Celsius Owes Core Scientific $7.8 Million for Energy and Hosting Costs
Lawyers representing bankrupt bitcoin mining operation Core Scientific have told the court that crypto lender Celsius has not made payments on its mining machine hosting costs since July. The story was first reported by Bloomberg, and Celsius reportedly owes approximately $7.8 million for costs associated with the machines.
Attorneys representing Core Scientific state that shutting down the bitcoin mining devices would save the firm a substantial amount of funds, and the company could potentially make $2 million per month if it rents out the hosting seats to another min
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