#Bitcoin Miners Resume Holding Strategy#
Hot Topic Overview
Overview
After two years of complete liquidation, Bitcoin mining company Core Scientific began to restore its partial holding strategy in December, selling only 27% of its self-mined Bitcoin. Previously, the company had maintained zero Bitcoin holdings and liquidated all its production assets. This shift suggests that Core Scientific may be seeking to reaccumulate Bitcoin to address market volatility and potential profit opportunities. Although the company's hashrate declined in December, its Bitcoin holdings are now worth $26 million, indicating that it is actively adjusting its strategy to adapt to the changing market environment.
Ace Hot Topic Analysis
Analysis
Core Scientific, a Bitcoin mining company, appears to be recovering some of its holding strategy after nearly two years of complete liquidation. The company sold only 27% of its self-mined Bitcoin in December, holding the remaining 73%, suggesting a potential shift in strategy away from complete liquidation of all output. Notably, Core Scientific had maintained zero Bitcoin holdings since its financial distress in November 2022, but began selling less than 100% of its monthly Bitcoin output after exiting bankruptcy protection in early 2024. As of the end of 2024, Core is estimated to hold approximately 254 BTC, valued at around $26 million. This shift may be linked to the rebound in Bitcoin prices and the improvement in Core Scientific's financial condition, as the company seeks to increase its asset value by holding Bitcoin and provide more options for future development. However, Core Scientific's hashrate continued to decline in December, indicating that it still faces pressure from operating costs and market competition. Whether Core Scientific will continue to hold Bitcoin in the future, and the specific details of its holding strategy, remain to be seen.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Core Scientific resumes partial bitcoin holding strategy, no longer liquidating all mined bitcoin.
Core Scientific sold 27% of its self-mined bitcoin in December 2024, holding approximately 254 BTC.
Core Scientific maintained zero bitcoin holdings after facing financial difficulties in November 2022, until it began resuming holdings in December 2024.
Core Scientific's hashrate continued to decline in December 2024, but its installed hashrate capacity decreased.