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Core Scientific to Shut Down Celsius Crypto Mining Equipment

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Celsius is not only Core’s largest customer, with more than 37,000 machines hosted in its facilities, but one of its largest secured noteholders, holding about $54 million of secured convertible notes, or 10% of the total issuance, Kirkland & Ellis lawyer Chris Koenig, who represents Celsius, said in the first day hearing of Core’s bankruptcy case.



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