Bitcoin mining firm Core Scientific has sold more Bitcoin (BTC) than it did two months in a row. Of the 1959 Bitcoins, 1205 remained in the firm’s vault.
Core Scientific suffered a loss last month. In the company announcement, it sold 1975 coins at an average price of 22 thousand dollars per Bitcoin and grossed 44 million dollars, while only 1221 coins were issued in the same month. Thus, as of July 31, 1205 Bitcoin and $ 83 million in cash remained in the firm’s vault.
The company said in its statement that the proceeds from Bitcoin sales in July were spent on increased operating center spending and capital investments. The company had ordered 100,000 ASIC special mining tools from Bitmain. Some of the money from these sales was transferred here.
Core Scientific’s Bitcoin Presence Is Decreasing
Bitcoin mining company Core Scientific has reduced the Bitcoins in its vault with this sale. The company said that since the price of Bitcoin fell below $ 30 thousand, this path was followed to increase liquidity. Apart from this, the company went to increase its business volume. In July, it launched 14,000 more ASIC servers, increasing its hasrate to 19.3. This is recorded as the highest hashrate among North American companies.
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