Core Scientific CEO: Preparing to buy mining machines after halving

Adam Sullivan, CEO of cryptocurrency mining company Core Scientific, stated that "the company is adjusting its balance sheet to update its mining equipment, as the mining reward for each block of Bitcoin will be halved next month. We are preparing for the opportunity to buy machines after the halving, as we know many people will sell a portion of their S-21 orders today. This is exactly the same as what happened in 2021. People overcommit, and then they end up having to sell a portion of their orders in the following year. We fully expect this situation to happen again."