- Core Scientific ( NASDAQ: CORZ ) said Monday that it sold 2,285 bitcoins ( BTC-USD ) in October, up from 1,576 in September, as a slew of industry-wide issues, including depressed BTC prices as well as a rise in the network hash rate and electricity costs, squeezed the miner's liquidity position.
- The BTC sales were executed at an average price of $19,639 for total proceeds of ~$44.8M. It held 62 bitcoins and ~$32M in cash as of October 31.
- The company mined 1,295 bitcoins ( BTC-USD ) compared with 1,213 in September.
- And it operated ~243K ASIC servers for both colocation and self-mining, representing total mining capacity of 24.4 exahashes per second.
- Towards the end of October, Core Scientific warned investors that it may seek bankruptcy protection .
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Core Scientific sells 45% more bitcoins in October as miner deals with liquidity issue