Bitcoin miner Core Scientific to shut down 37,000 mining rigs of Celsius Network
Bitcoin miner Core Scientific last month filed for Chapter 11 bankruptcy protection. It was said that Core Scientific was impacted due to a lawsuit with Celsius Networks LLC and its affiliates.
Months long feud between two crypto companies Celsius Network LLC and Core Scientific Inc. has likely found its resolution. It is known that Celsius has agreed to let US-based Core Scientific shut down more than 37,000 of its mining rigs for which the digital-asset lender hasn't been fully paying. Celsius filed for bankruptcy in July last year, while Core Scientific filed for the same last month.
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