Core Scientific sells 96% of its bitcoin and plans to end mining
BROBROK News · Based on reporting by Livecoins ·
Core Scientific said it sold 816 BTC, equal to 96% of its reserves, and will gradually wind down its mining operations. The company plans to shift more of its resources toward AI and high-performance computing data centers.
Key points
- The company sold 816 bitcoins, or 96% of its reserves.
- Core Scientific said it will phase out both self-mining and hosted mining.
- Hosted mining is expected to end by December 31, 2026.
- The firm wants to focus on AI and HPC infrastructure.
- Other miners also sold BTC during the same week, according to the report.
Why it matters
The move reflects a broader shift among some mining companies away from direct Bitcoin exposure and toward AI-related infrastructure. That could influence miner selling patterns even as Bitcoin network hashrate remains elevated.
Original headline: “Core Scientific vende 96% de seus bitcoins e promete encerrar operações de mineração”
Read the original on Livecoins
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.