Core Scientific, a leading Bitcoin miner, has sold approximately 1,900 BTC for $175 million, achieving an average price of $92,100 per coin. This strategic sale, which significantly exceeds the current Bitcoin price of around $70,000, is part of the company's shift towards expanding its AI infrastructure. Following this transaction, Core Scientific's Bitcoin holdings have decreased to about 630 BTC.
The Nasdaq-listed company plans to liquidate most of its 2,537 BTC holdings in the first quarter of 2026, marking a departure from its previous accumulation strategy. The funds from these sales are earmarked for developing a 1.5 gigawatt pipeline of AI capacity, with over $10 billion in contracted revenue. This move aligns with the broader industry trend of diversifying into high-performance computing and AI workloads amid challenging Bitcoin mining economics.
Core Scientific's transition reflects a structural shift from pure Bitcoin mining to AI-focused colocation services. The company reported a fourth-quarter revenue of $79.8 million, missing expectations, and a loss of $0.42 per share. As the Bitcoin mining sector faces intense pressure, Core Scientific's actions underscore the need for flexibility and adaptation in a rapidly evolving market.
Core Scientific Sells 1,900 BTC for $175M to Fund AI Expansion
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