Core Scientific

Celsius processes withdrawals worth $17.7M for custody account holders

Celsius interim CEO Chris Ferraro reported that eligible custody account holders withdrew $17.7M in crypto after the bankrupt lender reopened withdrawals on March 2.

Celsius Agrees To Let Core Scientific Shut Down 37K Mining Rigs

Core Scientific will shut down over 37,000 of Celsius’ crypto mining rigs after several months of dispute with the bankrupt lender.

Core Scientific Set To File For Bankruptcy

Core Scientific might be filing for bankruptcy in the near future. This is due to the prolonged decrease in Bitcoin price and other factors, which have affected the company’s liquidity.

Celsius To Pay Over $3M As Legal Counsel Fees

Monthly fee statements from law firms revealed that Celsius owes them over $3M as litigation counsel expenses.