Posted 9/15/2023, 4:10:28 PM
Celsius and Core Scientific Propose $45M Settlement to End Litigation Over Nonoperational Bitcoin Mining Data Center
- Celsius and Core Scientific propose $45M settlement to end ongoing litigation
- Core Scientific will sell Bitcoin mining data center to Celsius for $14M
- Data center in Texas was valued at $45M but nonoperational
- Settlement requires court approval as both firms are in bankruptcy proceedings
- Celsius CEO sees deal as progress in restructuring after criminal charges against former leadership
