Bitcoin mining company Core Scientific sold only 27% of its self-mined Bitcoin in December last year, possibly restoring part of its holding strategy

Odaily Planet Daily News: 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 after two years of 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 dollars. Notably, since falling into financial distress in November 2022, Core Scientific has maintained a zero Bitcoin holding. After exiting bankruptcy protection in early 2024, it continued to implement a full liquidation strategy. As of the third quarter of 2024, Core reported no digital assets on its balance sheet. However, since November of last year, the company has sold less than 100% of its monthly produced Bitcoin, marking the first time in two years that it has not liquidated all produced assets. By the end of 2024, Core estimates it will hold about 254 BTC, worth 26 million dollars at the current Bitcoin price of 102,000 dollars. Core's realized Bitcoin hash rate continued to decline last December, falling to 15.44 EH/s, a 17% decrease from the peak of 18.64 EH/s 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.