#Bitcoin Miners Resume Holding Strategy#
Hot Topic Overview
Overview
Core Scientific, a Bitcoin mining company, began to resume some of its holding strategy in December after two years of complete liquidation, selling only 27% of its self-mined Bitcoin. Previously, the company had maintained zero Bitcoin holdings after falling into financial distress in November 2022. Although Core Scientific's hashrate continued to decline in December, its decision to start holding some Bitcoin suggests that the company is seeking a more stable operating strategy and may be optimistic about the future trajectory of Bitcoin prices.
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, holding the remaining 73%, marking a shift from complete liquidation to partial holding. Previously, Core Scientific had been in financial distress in November 2022 and had maintained zero Bitcoin holdings. However, starting in November, the company sold less than 100% of its Bitcoin, suggesting a potential strategy adjustment away from complete liquidation of all production assets. As of the end of 2024, Core Scientific estimates holding approximately 254 BTC, valued at around $26 million. While the company saw a decline in its hashrate in December, its installed hashrate capacity remains at 19.1 EH/s, indicating its continued commitment to mining operations. This shift by Core Scientific may reflect the rebound in Bitcoin prices and the mining industry's optimistic outlook on the future market.
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 2024 and holds about 254 BTC.
Core Scientific's resumption of holding strategy may be related to the rise in Bitcoin prices, as the company hopes to profit from the price increase.
Core Scientific's hashrate continued to decline in December 2024, suggesting the company may be adjusting its mining operations.