Current updates are not available. Earlier updates remain below for historical context and may no longer reflect the case’s current position.
Earlier updates
These updates were replaced by later case developments and may no longer reflect the current case.
The court approved Core Scientific’s rejection of its hosting contracts with Celsius Mining, effective immediately, converting an early-case customer dispute into operational relief source filing. Core’s motion said it was hosting about 37,536 Celsius mining machines, that Celsius owed approximately $7.8 million in unpaid power-cost pass-throughs as of late November 2022, and that continued performance was costing Core another $28,840 per day source filing.
The order matters because Core framed the rejection as liquidity preservation and capacity redeployment, not housekeeping. The debtor said the Celsius space could be shifted to other customers or its own mining operations and generate about $2 million per month in incremental revenue, while the order preserved disputes over contract status and set rejection-damage claims for the later of the general bar date or 30 days from entry source filingsource filing.
