secwatch.observer — SEC 8-K summary
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Issuer:     Core Scientific, Inc./tx (CORZ)
CIK:        0001839341
Form:       8-K
Filed at:   2023-09-20T23:59:59+00:00
Accession:  0001193125-23-238132
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core Scientific sells Cedarvale bitcoin mining facility to Celsius for $45M in settlement
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- Total purchase price of $45M includes $14M cash and release/expungement of all Celsius claims against Core Scientific in bankruptcy.
- Sale of Ward County, Texas bitcoin mining data center (Cedarvale Facility) and related assets to Celsius.
- Settlement resolves litigation over unpaid pass-through tariff charges and other claims between the two bankrupt companies.
- Transaction subject to approval by both the Core Scientific and Celsius bankruptcy courts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839341/000119312523238132/0001193125-23-238132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839341/000119312523238132/d555900d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-238132

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