One of the world's largest bitcoin miners will shut off thousands of mining rigs tied to bankrupt Celsius as part of the firms' bankruptcy proceedings

Jan 4 2023 by Business Insider

 

REUTERS/Maxim Shemetov/File Photo

Core Scientific will shut down thousands of bitcoin mining rigs tied to Celsius.  Core Scientific says the mining rigs are costing the firm $2 million in revenue per month, per court filings. Both companies filed for Chapter 11 bankruptcy last year amid the crypto bear market. 

One of the world's largest bitcoin miners will shut off thousands of mining rigs tied to Celsius Network as a part of the firms' bankruptcy proceedings.

Core Scientific will stop...

Continue Reading One of the world's largest bitcoin miners will shut off thousands of mining rigs tied to bankrupt Celsius as part of the firms' bankruptcy proceedings