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 dispute relates to two facilities in west Texas that were supposed to cumulatively bring 1 gigawatt (GW) of power capacity to Core Scientific's portfolio of assets. Starting in the summer of 2021, Priority Power Management was hired as the miner's "exclusive energy manager and consultant," with responsibilities including negotiating power contracts and the build out of the two west Texas sites, according to a declaration filed with the court from Michael Bros, the miner's senior vice president of capital markets & acquisitions.

However, as of May 2022, after "it became clear that the [two west Texas] facilities would not receive the anticipated power load," Core Scientific stopped making various payments to Priority Power Management, Bros said.