Core Scientific CEO: Adjusting the company's balance sheet to prepare for the purchase of mining machines after the Bitcoin halving

Adam Sullivan, CEO of Core Scientific, a cryptocurrency mining company, said that the company is adjusting its balance sheet in preparation for purchasing mining machines after the upcoming halving of Bitcoin. Core Scientific expects that the halving will cause some mining companies to struggle and be unable to fulfill existing orders, so the company may purchase mining machines from these struggling companies.

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