#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 Core Scientific may be adjusting its strategy, no longer completely liquidating all mining output, but starting to accumulate some Bitcoin. However, the company's hashrate continued to decline in December, indicating that it still faces challenges in its mining operations.
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 shift suggests that Core Scientific may be seeking to hedge against market volatility and benefit from long-term value growth by holding some Bitcoin. Although the company still sold some Bitcoin in December, its holdings have increased from zero to approximately 254 BTC, worth about $26 million. This change also reflects the rebound in Bitcoin prices and the optimistic outlook of mining companies on the future market. However, Core Scientific's hashrate continued to decline in December, indicating that the company may still be adjusting its operating scale to address market changes. Overall, Core Scientific's strategic shift suggests that Bitcoin mining companies are re-evaluating their business models and seeking to maintain profitability amidst market volatility.
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's change in holding strategy may be related to the rising price of Bitcoin, as the company seeks to profit from the price increase.
Core Scientific's hashrate declined in December 2024, which may be related to the company adjusting its mining operations.