Core Scientific announced plans to liquidate most of its bitcoin holdings to finance a strategic shift toward artificial intelligence infrastructure and high-performance computing.

Planned liquidation and timeline

The company said it will sell nearly all remaining bitcoin holdings by 31.03.2026, completing a pivot away from large-scale mining operations.

According to company filings, Core Scientific sold more than 1900 BTC in January, generating about $175 million in proceeds earmarked for technology investments.

Reserves and recent sales

At the end of 2025 the firm held 2537 BTC in reserves, and management intends to dispose of the remaining balance by the end of the first quarter of 2026.

The company frames the disposals as a source of capital to accelerate development of facilities and services for AI workloads and colocation customers.

Operating results behind the pivot

Recent financials show a decline in crypto-mining revenue to $42.2 million for the quarter, while colocation and AI-related rental income rose threefold to $31.3 million.

Management contrasts shrinking mining returns with growing demand for high-performance compute capacity required by AI projects.

Management rationale

«Mining bitcoin is a waning process for our current business model»

Chief executive Adam Sullivan described bitcoin mining as a diminishing element of the company’s strategy and pointed to AI infrastructure as the primary growth opportunity.

Implications

The planned sales convert a portion of the company’s digital-asset holdings into cash to underwrite capital expenditure on data centers and compute clusters focused on artificial intelligence workloads.

Core Scientific’s move reflects a broader industry trend where operators reallocate resources from cryptocurrency mining toward cloud, colocation and AI-related services.