While the publicly-traded miner's holdings have shrunk overall this year, the company has quickly added more Bitcoin to its balance sheet the past quarter.
Two major Bitcoin miners, MARA Holdings and Core Scientific, are shifting strategies to sell portions of their bitcoin holdings as they pivot toward AI and high-performance computing operations.
More announcements from public bitcoin miners on potential capitulation. Debt needs to be paid and cash is tight due to high hash rate and a low bitcoin price.
Miner capitulation is here. Core Scientific talks about potential bankruptcy, highlighting that cash resources will be depleted by the end of the year.
The company still holds a large treasury and ramped up its infrastructure through a $14 million bitcoin sale and dumping over 30 million shares onto the market.
