#Bitcoin Miners Resume Holding Strategy#
Hot Topic Overview
Overview
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, holding approximately 254 BTC, worth about $26 million. This suggests that the company may be adjusting its strategy, no longer completely liquidating all of its Bitcoin output, but instead starting to accumulate some Bitcoin. However, Core Scientific's hashrate continued to decline in December, indicating that the company may still be making adjustments to cope with the current market environment.
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 2024, after previously maintaining zero Bitcoin holdings. This suggests that the company may be adjusting its strategy and no longer fully liquidating all of its output assets. Core Scientific produced 291 BTC in December, sold 79 BTC, and generated $7.7 million in revenue. As of the end of 2024, the company is estimated to hold approximately 254 BTC, worth about $26 million at current prices. While Core Scientific's hashrate continued to decline in December, its move to recover some of its holding strategy may signal that Bitcoin mining companies are re-evaluating their operating strategies and beginning to focus on long-term value.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Core Scientific resumes partial holding strategy, no longer liquidating all mined Bitcoin.
Core Scientific sold 27% of its self-mined Bitcoin in December 2024 and holds the remaining 73%.
Core Scientific began selling less than 100% of its monthly Bitcoin production in November 2024, the first time in two years that it has not liquidated all of its production assets.
Core Scientific may continue to hold some Bitcoin in the future and adjust its holding strategy based on market conditions.