Bitcoin sales constraint removed and holding strategy shift
Company: Core Scientific
The claim, verbatim
As of August 19, 2024, company is no longer subject to requirement to sell bitcoin within 10 days of receipt. Company intends to optimize bitcoin holdings subject to market conditions
Source (primary)
Core Scientific 10-Q filed 2024-11-06 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “As of August 19, 2024, the Company is no longer required to sell bitcoin it earns through mining within ten days of receipt as provided by the terms of the recently extinguished debt facilities... the Company intends to optimize cash received from bitcoin mining which may entail, subject to market conditions, holding bitcoin for future sale at any particular point in time.”
How we checked this
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Additional evidence
confirms Core Scientific 10-Q filed 2024-11-06
Quote: “As of August 19, 2024, the Company is no longer required to sell bitcoin it earns through mining within ten days of receipt as provided by the terms of the recently extinguished debt facilities... the Company intends to optimize cash received from bitcoin mining which may entail, subject to market conditions, holding bitcoin for future sale at any particular point in time.”