Core Scientific to Shut Down Celsius’ 37K Rigs Amid Litigation

 To diffuse financial pressures, Celsius Network LLC has agreed to allow Core Scientific Inc. to turn off over 37,000 cryptocurrency mining rigs that were being used by the defunct digital asset lender. In order to offset some of its own electricity expenditures, Bitcoin miner Core entered into a hosting agreement with Celsius. Since filing for Chapter 11 protection in July, however, the corporation has not been paying its bills. Accusations, counter-accusations and shutdown The shutdown brings to an end prolonged litigation […]

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