The US miner plans to sell nearly all of its Bitcoin holdings, reflecting a broader industry shift toward AI and HPC.
Core Scientific announced it expects to sell nearly all of its Bitcoin reserves, approximately 2,500 BTC, during the first quarter of 2026.
As one of the largest U.S.-based crypto mining and blockchain infrastructure companies, Core Scientific says the sale is intended to boost liquidity and fund capital expenditures for its expansion into AI-focused compute colocation services.
The company expects to sell most of its Bitcoin holdings in the first quarter, but the exact timing and amount could change depending on the market and its cash needs.
As of the end of 2025, Core Scientific held 2,537 Bitcoin, worth $222 million, up nearly tenfold from 256 BTC a year earlier. Despite heavy spending on AI-focused colocation, the company retained most of its mined Bitcoin, steadily building its reserves.
Strategic Shift Toward AI and High-Performance Computing
Core Scientific’s plan to sell Bitcoin shows a major strategic shift. The company, once one of the largest publicly traded Bitcoin miners in the U.S., is moving away from pure mining. It is now focusing on high-density AI and high-performance computing (HPC) colocation.
This follows a broader industry trend, where miners are repurposing infrastructure and treasury assets for AI workloads, which are expected to provide more predictable returns than traditional mining.
Several major miners are following a similar path, shifting focus from traditional Bitcoin mining to AI and high-performance computing (HPC).
Earlier this year, MARA Holdings announced a joint venture with Starwood Digital Ventures to build up to 2.5 gigawatts of IT capacity for AI workloads, signaling a clear move into new revenue streams.
Bitdeer Technologies Group reportedly sold its entire Bitcoin treasury to reallocate capital into AI and HPC infrastructure, while Cipher Digital (formerly Cipher Mining) rebranded to highlight its HPC focus and secured significant funding for data center expansions with major partners.
Why This Matters
The reduction of Bitcoin exposure by major miners such as Core Scientific, Bitdeer, and MARA signals a structural shift in the industry. Large-scale mining capacity is moving away from BTC production, which could tighten supply and slow network hash rate growth temporarily, at least temporarily.
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