Celsius Mining owes Core Scientific about $5.4 million for its hosting services.
Core Scientific (CORZ), a crypto hosting and mining company, said it plans to go after what it thinks Celsius Mining, the mining arm of the struggling crypto lender, owes it.
In a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the company said it “intends to vigorously defend its interests” and has hired lawyers to help it with Celsius Mining.
“An unfavorable or untimely ruling by the bankruptcy court that gives Celsius the benefits of the Company’s hosting services without Celsius paying the full costs of such services would have a material effect on the Company’s business, financial condition, results of operations, and cash flows,” the company said.
Celsius Mining owes Core Scientific about $5.4 million for its hosting services. In July, Celsius Mining and its parent company both asked the U.S. Bankruptcy Court for the Southern District of New York for Chapter 11 bankruptcy protection.
Last month, Celsius said that Core had broken the automatic stay that comes with Chapter 11 bankruptcy protection. This means that creditors can’t take any enforcement action or start or keep other legal proceedings.
Core Scientific doesn’t agree with the claims that have been made, and it will keep trying to get “a resolution from the bankruptcy court and payment of any outstanding amounts owed.”
The crypto mining company shares went up more than 1% during pre-market trading to $1.29.
