Celsius and Core Scientific reach a temporary agreement of $45 million regarding legal disputes

ChainCatcher news, according to CoinDesk, court documents from Thursday show that the crypto lending platform Celsius and Core Scientific have reached a temporary agreement of $45 million to resolve a long-standing legal dispute. According to the terms of the agreement, Celsius is required to pay $14 million in cash, with the remainder to be paid in adjusted claims, and must obtain approval from judges in Texas and New York. Under the agreement, Celsius also acquires the Cedarvale mining site in Texas, which spans 85 acres.

Previously, Core had shut down Celsius's mining machines in January due to unpaid amounts, and Celsius had claimed $312 million.