The idea would be that a user has simply deleted/released the zone for a specific domain under their account. This could have happened because they plan on moving it later or because a lack of payment/service termination has occurred. This allows an attacker to obtain thousands of fresh domains easily with very little effort and likely no payment at all which can be used in malware campaigns/etc. Some common things I saw were indeed older unused domains, domain portfolio's of domain resellers/squatters, and even domains in restricted TLD spaces such as .gov, .edu, etc. These would certainly have value despite no longer being used.
Let me know if I've been unclear or am missing something here.