Core Scientific is walking away from Bitcoin mining. The Nasdaq-listed miner will end all self-mining by Dec 31, 2026 and pivot fully to AI data-center colocation from 2027.
Q3 colocation revenue hit $215.4M — up nearly 60% in a quarter and now about 93% of revenue — while mining revenue fell 79% year over year to just $12.3M. The mining fleet is already down nearly 50% since end-2025, and the company paid $41.9M to exit its Block/Proto chip supply deal.
One of mining's biggest names is now an AI infrastructure play.
#Bitcoin #CoreScientific #BitcoinMining #AI #CryptoNews #Zimbuck
Q3 colocation revenue hit $215.4M — up nearly 60% in a quarter and now about 93% of revenue — while mining revenue fell 79% year over year to just $12.3M. The mining fleet is already down nearly 50% since end-2025, and the company paid $41.9M to exit its Block/Proto chip supply deal.
One of mining's biggest names is now an AI infrastructure play.
#Bitcoin #CoreScientific #BitcoinMining #AI #CryptoNews #Zimbuck
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