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Bitcoin Miner Core Scientific Settles With Celsius Over Fees
Bitcoin miner Core Scientific Inc. and the mining unit of bankrupt crypto lender Celsius Network LLC have entered an agreement to settle litigation in part over who should pay the costs racked up from soaring electricity prices. Core Scientific will sell its Texas Bitcoin mining data center site to Celsius and settle all existing litigation between them for total cash consideration of $14 million, pending court approvals, according to a joint statement on Friday. Celsius Mining hired Core Scientific to house and manage tens of thousands of Bitcoin mining machines and became one of its largest hosting clients. But the ... (full story)