#Bitcoin Miners Resume Holding Strategy#
Hot Topic Overview
Overview
Core Scientific, a Bitcoin mining company, began to resume holding some of its mined Bitcoin in December after two years of a complete liquidation strategy, selling only 27% of its self-mined Bitcoin. The company had maintained zero Bitcoin holdings since November 2022, when it faced financial difficulties. This resumption of holding strategy suggests that Core Scientific may be seeking to reaccumulate Bitcoin and may continue to hold a portion of its mining output in the future. Nevertheless, the company's hashrate declined in December, indicating that it is still adjusting its operating strategy to address market volatility and profitability pressures.
Ace Hot Topic Analysis
Analysis
Core Scientific, a Bitcoin mining company, appears to be recovering some of its holding strategy after a two-year comprehensive liquidation strategy. The company sold only 27% of its self-mined Bitcoin in December, after previously maintaining zero Bitcoin holdings. This move suggests that Core Scientific is attempting to reaccumulate Bitcoin and may further reduce its selling proportion in the future. Although the company's hashrate declined in December, the value of its Bitcoin holdings has reached $26 million, indicating that it is actively seeking to restore profitability. This shift by Core Scientific also reflects a trend in the Bitcoin mining industry as more and more mining companies are realizing the importance of holding Bitcoin and are adopting it as a long-term investment strategy.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Core Scientific may be recovering some of its holding strategy, no longer liquidating all of its self-mined Bitcoin.
Core Scientific sold 27% of its self-mined Bitcoin in December 2024, suggesting it may be adjusting its strategy.
Core Scientific had maintained zero Bitcoin holdings after falling into financial distress in November 2022, but began selling less than 100% of its monthly production of Bitcoin in December 2024.
Core Scientific's hashrate continued to decline in December 2024, but the value of its Bitcoin holdings may have exceeded $26 million.