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.
PREDICT BITCOIN
