Core Scientific is moving to shut down about 37,000 mining rigs it operates for Celsius Mining as part of its ongoing bankruptcy process. egreechee reports
over their contract. Core claims that Celsius is not paying its dues, whereas Celsius argues that Core unilaterally increased its power rate, which isn't stipulated in their services agreement.
Celsius further argued that the motion to reject violates the automatic stay on Celsius' estate, and the mining rigs in question are under the jurisdiction of the bankruptcy court of the Southern District of New York , where Celsius' case is currently being processed. All that's left is to hammer out a transition plan. Judge Jones gave attorneys representing each party some time to draft an agreed upon proposed order, which he said he would announce regardless of whether he signed it by mid-afternoon Tuesday. As of 7:30 p.m. ET , no proposed or signed orders were available in PACER, a federal court database system. Alfredo Perez, the attorney representing Core Scientific, hung up on a CoinDesk reporter, while Koenig did not immediately return a voicemail.
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