Core Scientific will cut power to 37,000 Celsius miners: Bloomberg

Quick Take

  • Core Scientific will shut down 37,000 Celsius miners in an arrangement that marks the end of a months-long dispute between the two now-bankrupt companies.

Core Scientific will cut off power to 37,000 mining rigs for which Celsius still owes payment, the two now-bankrupt companies agreed. Bloomberg first reported the news. 

The agreement marks the end of a dispute that has been ongoing since last October, when Core said it would seek a resolution on the matter in court.

Celsius owes Core $7.8 million related to power costs for the miners through November 2022, according to court documents.


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Core itself filed for bankruptcy protection in December, due in part to Celsius' bankruptcy filing and subsequent nonpayment as well as insufficient cash flow to manage its debts.

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About Author

Jeremy Nation is a senior reporter at The Block covering the greater blockchain ecosystem. Prior to joining The Block, Jeremy worked as a product content specialist at Bullish and He also served as a reporter for ETHNews. Follow him on Twitter @ETH_Nation.


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