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Bankrupt Bitcoin Mining Firm Core Scientific Objects to $4.7M Claim by Crypto Lender Celsius Network

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.

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