Celsius and Core Scientific Settle Mining Dispute with $45M Agreement
Crypto mining providers Celsius and Core Scientific have reached a $45 million settlement to resolve their legal dispute. The deal, subject to court approval in Texas and New York, involves Celsius paying $14 million in cash and the rest in adjusted claims. Celsius will also acquire Cedarvale, an 85-acre Texas mining site. The settlement ends the costly litigation and potential contempt of court motions filed by Celsius. Creditors are currently voting on a sale to crypto consortium Fahrenheit Holdings.