Core Scientific targets Bitcoin mining exit by end of 2026
BROBROK News · Based on reporting by Cointelegraph ·
Core Scientific said it expects to finish winding down Bitcoin mining in the fourth quarter of 2026 and begin 2027 as a pure-play colocation provider for AI and high-performance computing. Mining now makes up only a small share of quarterly revenue, while data center services account for most of the business.
Key points
- Core Scientific expects to fully exit Bitcoin mining by the end of 2026.
- Third-quarter self-mining revenue fell to $12.3 million from $57.4 million a year earlier.
- Bitcoin mining accounted for 7.5% of quarterly revenue, versus $215.4 million from colocation services.
- The company has been expanding its AI hosting business since 2024.
- It said it had nearly 50% fewer miners online at the end of September than at the end of 2025.
Why it matters
The move reflects how some mining companies are shifting toward AI and data center infrastructure as Bitcoin mining economics weaken. It also shows growing scrutiny around the power needs of large facilities in the US.
Original headline: “Core Scientific to quit Bitcoin mining by year-end as AI business surges”
Read the original on Cointelegraph
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.