Celsius and Core Scientific Settle Contentious Mining Dispute with $45 Million Agreement
In a significant development, crypto mining providers Celsius and Core Scientific (CORZ) have reached a tentative $45 million settlement to put an end to a prolonged legal battle, as revealed in court filings on Thursday.
The agreement entails Celsius making a payment of $14 million in cash, with the remaining amount covered through adjusted claims. However, this resolution is subject to approval by judges in Texas and New York, the respective jurisdictions where Core and Celsius have filed for bankruptcy.
The settlement not only brings an end to the drawn-out and costly legal conflict with Core but also curtails the substantial expenses that both parties would have incurred had they pursued full litigation of their claims. Celsius’ legal representatives described this resolution as “fair, equitable, and a carefully negotiated resolution.” Additionally, as part of the agreement, Celsius gains ownership of Cedarvale, an 85-acre mining site located in Texas.
The dispute originally erupted when Celsius lodged claims amounting to $312 million after Core shut down Celsius’ mining rigs in January, citing unpaid dues. Prior to the settlement, Celsius had filed motions urging the court to hold Core in contempt.
Currently, Celsius creditors are in the process of voting to decide whether to approve a sale to the crypto consortium known as Fahrenheit Holdings. This consortium includes the mining company US Bitcoin Corp and is poised to play a pivotal role in the resolution of this contentious mining dispute.
Ubkvlm
ivermectin 3 mg tablets – atacand online buy buy tegretol 400mg generic
January 3, 2025Dsuzwq
amoxil without prescription – oral valsartan 160mg order generic combivent 100 mcg
January 14, 2025Qhgone
azithromycin 250mg for sale – buy generic tindamax order nebivolol 20mg online
January 26, 2025Jqybyr
prednisolone 10mg cost – buy progesterone 200mg pill order progesterone 100mg generic
January 29, 2025Onegrr
order neurontin 100mg online – neurontin 600mg pills itraconazole 100mg over the counter
February 7, 2025Dcoxtq
cheap furosemide 40mg – betnovate where to buy3 betamethasone cost
February 8, 2025Xjzdmw
monodox brand – monodox over the counter generic glipizide
February 12, 2025Malzfv
amoxiclav sale – buy duloxetine without prescription cymbalta 20mg drug
February 13, 2025Jjlhme
order augmentin 375mg pills – brand augmentin 1000mg cheap duloxetine 40mg
February 21, 2025Veiika
rybelsus 14 mg brand – rybelsus 14mg canada generic cyproheptadine 4mg
February 23, 2025Lphwdl
viagra 50mg sale – cialis without prescription order tadalafil 20mg online cheap
March 3, 2025Molnzt
cheap cialis without prescription – viagra cheap cheap viagra tablets
March 3, 2025Zgsqqr
order cenforce 100mg for sale – cenforce cheap metformin generic
March 10, 2025Fiqgct
order lipitor 40mg pill – atorvastatin 40mg over the counter buy zestril 10mg online
March 13, 2025Jngvaw
order omeprazole 20mg generic – purchase prilosec pill atenolol 100mg uk
March 19, 2025Rafujh
purchase medrol pill – medrol oral buy generic aristocort online
March 25, 2025Vcyeft
order desloratadine 5mg for sale – loratadine pills buy cheap priligy
March 27, 2025Zftkku
misoprostol pill – purchase orlistat online diltiazem order online
March 29, 2025Salojf
buy zovirax no prescription – zyloprim online order crestor 20mg pill
April 4, 2025Ogypkg
domperidone 10mg price – tetracycline 250mg brand order flexeril generic
April 6, 2025Vkhecm
buy generic domperidone over the counter – buy generic cyclobenzaprine over the counter buy cyclobenzaprine online
April 14, 2025Qucsqa
cheap propranolol – generic inderal 20mg methotrexate 10mg for sale
April 15, 2025Fhyhot
order coumadin online cheap – order reglan 20mg without prescription hyzaar for sale
April 18, 2025Mxrmpl
esomeprazole without prescription – sumatriptan over the counter order sumatriptan
April 22, 2025Ripxyk
buy levofloxacin sale – dutasteride order oral zantac 150mg
April 22, 2025