Core Scientific plans to sell most of its 2,500 BTC in Q1

Cryptocurrency mining firm Core Scientific (CORZ) announced in its annual report that it plans to sell the majority of its Bitcoin holdings during the first quarter of this year. The company held 2,537 BTC as of the end of last year. According to The Energy Mag, formerly The Miner Mag, the move is intended to secure liquidity and cover expenses related to the expansion of its AI compute colocation business. However, Core Scientific noted that the specific timing and scale of the sale could vary depending on market conditions and liquidity needs. The report did not indicate whether the sale has actually been executed.