No, it is not possible to reuse the hard drive after degaussing, you need to recycle it. Unfortunately, it is impossible to resume general use because degaussing removes all the data, including the startup files. So, a degaussed hard drive will not boot up.
Moreover, degaussed hard drives are the best candidates for e-waste recycling. The valuable components can be removed and used again with unrecognized data. In addition, it secures data from corruption or theft and reduces the risk of harming the environment.