Crypto hosting and mining company Core Scientific (CORZ) has said it intends to pursue what it feels it is owed by Celsius Mining, the mining affiliate of the beleaguered crypto lender.
The firm said in a U.S. Securities and Exchange Commission (SEC) filing on Wednesday that it "intends to vigorously defend its interests" and that it has retained legal advisors to assist it with relation to Celsius Mining.
"An adverse or untimely ruling by the bankruptcy court that provides Celsius the benefits of the Company’s hosting services without Celsius fully paying the costs of such services would have a material effect on the Company’s business, financial condition, results of operations and cash flows," the firm said.
Core Scientific provides hosting services to Celsius Mining, for which it claims to be owed around $5.4 million. Along with its parent company, Celsius Mining filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York in...
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