Core Scientific CEO: Preparing to purchase mining machines after the halving

ChainCatcher news, according to Blockworks, the CEO of the crypto mining company Core Scientific, Adam Sullivan, stated, "The company is adjusting its balance sheet to update its mining equipment, as the Bitcoin mining reward per block will be halved next month. We are preparing for opportunistic purchases of machines after the halving, and we know that many will sell part of their S-21 orders placed today. This is exactly the same as what happened in 2021. People overcommitted, and then they ultimately had to sell part of their orders in the following year. We fully expect this situation to happen again."