Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific for $14 million.
Category: Core Scientific
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Core Scientific moves for September bankruptcy exit, expects $46M boost
Core Scientific said favorable market conditions have increased its liquidity position and its bankruptcy restructuring plan has been revised.
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‘Unjustly enriched:’ Core Scientific knocks back $4.7M claim from Celsius
Core Scientific has rejected a multi-million-dollar administrative claim from Celsius Network, arguing it’s owed an even higher amount from the crypto lender.
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Core Scientific debtors petition bankruptcy court to approve new president
The debtors appointed Adam Sullivan, a managing director at investment banking firm XMS Capital Partners, to assume the role of president amid the firm’s bankruptcy proceedings.
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Core Scientific to transfer $20M of equipment to settle bankruptcy dispute
Millions of dollars worth of electrical equipment will be transferred to the crypto miners’ exclusive energy negotiator to settle a payments dispute.
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Marathon Digital bungles crypto impairment sums, will reissue financials
The Bitcoin miner received a letter from the SEC on Feb. 22 which highlighted accounting mistakes it made on multiple financial disclosures.
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Core Scientific to hand over 27K rigs to pay $38M debt
The bankrupt crypto mining firm believes that the long-term benefits outweigh the immediate loss of handing over the machines.
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Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs
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NY law firm investigates potential ‘securities fraud’ at Core Scientific
The investigation was prompted by a report from Culper Research, which alleged that Core Scientific had “wildly oversold” its mining and hosting businesses.
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Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius
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