#Bitcoin Miners Resume Holding Strategy#
Hot Topic Overview
Overview
Core Scientific, a Bitcoin mining company, appears to be shifting away from its all-out liquidation strategy after two years, and is starting to hold some of its mined Bitcoin. The company sold only 27% of its self-mined Bitcoin in December, holding approximately 254 BTC, worth about $26 million. This suggests that Core Scientific is adjusting its strategy, no longer liquidating all of its mined assets, but instead starting to accumulate some Bitcoin. This shift could be related to the rebound in Bitcoin prices and the company's improved financial condition. However, Core Scientific's hashrate continued to decline in December, indicating that the company is still adjusting its operational scale.
Ace Hot Topic Analysis
Analysis
Core Scientific, a Bitcoin mining company, appears to be recovering some of its holding strategy after two years of complete liquidation. The company sold only 27% of its self-mined Bitcoin in December, after previously maintaining zero Bitcoin holdings. This move suggests that Core Scientific may be adjusting its strategy and no longer fully liquidating all of its output assets. Although the company still reported no digital assets on its balance sheet in the third quarter of 2024, the amount of Bitcoin it sold in December was significantly lower than in the past, and it held approximately 254 BTC, worth about $26 million. This indicates that Core Scientific may be seeking to hedge against market volatility by holding some Bitcoin and retaining some digital assets for future development. However, the company's hashrate also continued to decline in December, suggesting that it faces challenges in cost control and profitability while recovering its holding strategy.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Core Scientific resumes some holding strategy, no longer liquidating all mined Bitcoin.
Core Scientific sold 27% of its self-mined Bitcoin in December, holding about 254 BTC.
Core Scientific's hashrate capacity has decreased due to a decline in computing power.
Core Scientific's resumption of some holding strategy may be related to improved financial conditions after exiting bankruptcy protection in early 2024.