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Core Scientific to quit Bitcoin mining by year-end as AI business surges
Crypto·

Core Scientific to quit Bitcoin mining by year-end as AI business surges

Core Scientific plans to completely exit Bitcoin mining by the end of the year to transition into a pure-play AI data center provider. The pivot comes as artificial intelligence colocation revenue surges, with traditional mining shrinking to a fraction of quarterly earnings.

BTC
697346
Core Scientific (CORZ) to Exit Bitcoin Mining by Year-End as Colocation Hits $215 Million
Crypto·

Core Scientific (CORZ) to Exit Bitcoin Mining by Year-End as Colocation Hits $215 Million

Core Scientific is officially winding down its remaining Bitcoin mining operations to fully embrace AI colocation by the end of the year. With self-mining revenues dropping significantly, the firm is positioning itself as a dedicated data center landlord.

BTC
2.7K676