Core Scientific, a bankrupt Bitcoin mining firm, has objected to paying a $4.7 million administrative claim from crypto lender Celsius Network, leading to a dispute over contractual obligations. Core Scientific has asked for Celsius Network's claims to be rejected as it cannot prove it is entitled to one due to substantial claims against Celsius that exceed the alleged admin claim. Celsius initially paid additional costs passed on by Core Scientific, but later ceased payments after filing for bankruptcy. Core Scientific claims Celsius owes them approximately $11 million, which accrues an additional $28,000 in fees and interest each day.

Bitcoin mining expenses in the US have risen to at least $17,000 per BTC due to soaring electricity rates across the states, leading to increased operational costs and lower returns. However, in Q1 2023, the miners' hash price rose 31% due to Bitcoin's price recovery. New Mexico emerged as the cheapest state for Bitcoin miners, while Hawaii was the most expensive.

Core Scientific, the largest publicly listed miner by hashrate, has signed contracts to host almost 18,000 bitcoin mining rigs with three firms as it negotiates its way through Chapter 11 bankruptcy. The contracts will bring the total number of machines the firm is hosting to about 70,000, on top of the 155,000 machines it uses to mine for itself. Core Scientific's equity has gained 887% since the start of the year, and it has 175 MW of available hosting capacity in its Denton, Texas facility, with another 915 MW in development in west Texas and Oklahoma.

New York Bitcoin miner Greenidge said that Core Scientific will host 6,914 of Greenidge’s mining rigs as part of a one-year partnership. Core Scientific is a miner with facilities in Dalton, Georgia, and Calvert City, Kentucky. 

Core Scientific will add 900 mining machines for LM Funding America. The expanded contract will see Core Scientific host a total of 3,900 mining machines with 400 petahashes of mining capacity on behalf of LM Funding.

The debtors behind bankrupt cryptocurrency mining firm Core Scientific filed a motion for the approval of hiring a permanent president.

Crypto hosting and mining company Core Scientific (CORZ) has appointed crypto veteran Adam Sullivan as its new president, a court filing shows.

A $20 million settlement between Bitcoin miner Core Scientific and its energy negotiator Priority Power Management has been approved by the judge in Core Scientific’s bankruptcy proceedings. In a March 20 filing in the United States Bankruptcy Court for the Southern District of Texas, Judge David Jones signed off on allowing Core Scientific to transfer around $20.8 million worth of equipment to Priority Power. The companies had been in a dispute over two Texas-based mining facilities that were slated to receive 1,000 megawatts (MW) of power between them to increase Core Scientific’s mining capacity. (Cointelegraph)

The judge in Core Scientific's (CORZ) bankruptcy approved a settlement with the bitcoin miner's exclusive energy contract negotiator under which Core Scientific will transfer more than $20 million worth of electrical equipment to the supplier.

The federal judge overseeing bitcoin miner Core Scientific's (CORZ) Chapter 11 bankruptcy process indicated he will approve a $70 million loan from B. Riley Commercial Capital that will help the company get back on its feet.