Bitcoin mining company Core Scientific liquidated 27% of the Bitcoin produced by its own mining department, indicating that the company may at least partially restore its holding strategy two years after a full liquidation.
The company reported on Monday that it produced 291 BTC in December and sold 79 BTC, generating a total revenue of $7.7 million. Notably, since falling into financial difficulties in November 2022, Core Scientific has maintained a zero Bitcoin holding. After exiting bankruptcy protection in early 2024, it continues to implement a full liquidation strategy. As of the third quarter of 2024, Core reported no digital assets on its balance sheet.

However, the company has been selling less than 100% of its monthly Bitcoin production since last November, marking the first time in two years that it has not liquidated all produced assets. By the end of 2024, Core is estimated to hold about 254 BTC, worth $26 million at the current Bitcoin price of $102,000.
Core's realized Bitcoin hash rate continued to decline in December last year, dropping to 15.44 EH/s, a decrease of 17% from the peak of 18.64 EH/s earlier in 2024 before the halving event. Additionally, by the end of 2024, Core has reduced its installed hash rate capacity to 19.1 EH/s.

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