BTC mining company Core Scientific only sold 27% of its self-mined BTC in December last year, or resumed partial holding strategy.

Odaily Planet Daily News BTC mining enterprise Core Scientific liquidates 27% of its self-owned Mining department's BTC output, indicating that the company may at least partially recover its holding strategy after a comprehensive liquidation two years later. The company reported on Monday that it produced 291 BTC in December, sold 79 BTC, and made a total profit of $7.7 million. It is worth noting that Core Scientific has maintained zero BTC holdings since entering financial difficulties in November 2022. After exiting bankruptcy protection early in 2024, it continues to implement a comprehensive liquidation strategy. As of the third quarter of 2024, Core reported no digital assets on its balance sheet.

However, since November last year, the company has been selling less than 100% of its monthly BTC output, marking the first time in two years that not all output assets have been liquidated. As of the end of 2024, Core is estimated to hold around 254 BTC, which is worth $26 million based on the current price of $102,000 per BTC. The implementation of Core's BTC computing power continued to decline in December last year, down to 15.44 EH/s, a decrease of 17% from the peak of 18.64 EH/s before the halving event in 2024. In addition, by the end of 2024, Core has reduced its installed hash rate capacity to 19.1 EH/s.

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Grga_Pitychvip
· 01-07 06:42
I don't know why?
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