Core Scientific Sells Texas Data Center Site to Celsius Mining for $14M, Settling Litigation

Core Scientific and Celsius Mining agree to $14M sale of Core's Texas data center site, settling all litigation between them.
Proposed 215MW site includes buildings under construction, equipment, designs to enable completion.
Purchase sets early foundation for Celsius' Fahrenheit to reach value-maximizing plan conclusion.
U.S. Data Mining Group to manage construction of 215MW facility.
Subject to bankruptcy court approval in Core Scientific and Celsius Network Chapter 11 cases.

businesswire.com

Relevant topic timeline:

9/22/2023

Bankrupt Bitcoin Miner Core Scientific to Purchase $77 Million in New Mining Servers from Bitmain

Bankrupt miner Core Scientific will purchase 27,000 bitcoin mining servers from Bitmain for $23.1 million in cash and $53.9 million in common stock, potentially adding 4.1 exahashes to its hash rate.