Core Scientific sells approximately 1,900 BTC and shifts its business focus to AI data centers

BTC3,73%

Odaily Planet Daily reports that Core Scientific sold approximately 1,900 BTC in January, totaling about $175 million. They currently hold fewer than 1,000 BTC and are shifting their business focus from mining to AI data centers. (Cointelegraph)

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

U.S. publicly traded company Hyperscale Data's Bitcoin holdings increase to 617.16 coins, with a market value of approximately $40.7 million.

Hyperscale Data announced on March 10th that its Bitcoin holdings increased to 617.1605 BTC, with a total value of approximately $40.7 million. Subsidiary Sentinum holds 569.9670 BTC, and ACG purchased about 47.1935 BTC. The company's goal is to increase the value of Bitcoin to $100 million.

GateNews14m ago

Glassnode: Nearly 600,000 BTC were bought during the pullback, with holdings in the $60,000 to $70,000 range accounting for 8% of the circulating supply

On March 10th, Glassnode data shows that when Bitcoin retraced to $70,000, traders bought the dip with nearly 600,000 BTC, totaling approximately $42.48 billion. The current holding cost in the $60,000 to $70,000 range has increased significantly, with about 8% of the circulating supply purchased within this range.

GateNews14m ago

Bernstein maintains Circle's outperform rating with a target price of $190, indicating a 70% upside potential.

Analyst Bernstein maintains a bullish outlook on stablecoin issuer Circle, with a target price of $190, expecting a 70% increase. The analysis points out that stablecoins are gradually decoupling from the crypto market, with USDC supply rebounding to approximately $78 billion, and the total stablecoin supply reaching $184 billion.

GateNews16m ago

A long-term arbitrage whale has shifted to a bearish outlook, with total short position holdings reaching $34.9 million.

Recently, the holding structure of the 0xcac whale address has undergone a significant shift, turning towards unidirectional long positions on shorts. Currently, the spot holdings of BTC and ETH amount to approximately $11 million, with short positions reaching $34.9 million. Among the main positions, 20x BTC shorts have an unrealized profit of 548%, and 20x ETH shorts have an unrealized profit of 1886%.

GateNews25m ago
Comment
0/400
No comments