- Celsius filed for bankruptcy on July 12, 2022, and Core Scientific filed on December 21, 2022.
- The plug will be pulled on Celsius’ mining rigs on January 3, 2022, as per court orders.
- The host company Core Scientific is losing $2 million in incremental revenue per month.
Another Bitcoin mining company is to shut down their mining rigs, as the whole BTC mining industry is suffering from a trifecta of problems, rising energy prices, increasing difficulty and depleting prices. Core Scientific (CORZ) to shut down mining rigs tied to Celcius mining.
Source: https://www.thecoinrepublic.com/2023/01/05/celsius-mining-rigs-to-be-shut-down-by-core-scientific/