Core Scientific is the latest in the line of Bitcoin miners accelerating a pivot toward AI, selling 1,900 BTC and signaling that more is coming.
Core Scientific Expects To Sell All Of Its Bitcoin Holdings In Q1 2026Originally a Bitcoin mining-focused firm, Core Scientific is among the largest public miners in the world, but recently, the firm has been making a push into the AI compute business.
Before the sale, the firm held 2,537 BTC, but now, that figure has dropped to just 630 BTC. Considering the SEC filing, Core Scientific plans to eventually part with these remaining tokens as well.
So, where are the funds from the BTC sales going? Not mining, it seems. The company noted in the filing:
Aside from the miners received in 2025 and those expected from Block, we do not anticipate entering into new large-scale bitcoin mining equipment procurement agreements as we continue to shift capital allocation toward HDC infrastructure
A push into the High-Performance Computing (HPC) business is actually something that’s being witnessed across the Bitcoin mining industry at the moment. Bitdeer, Cango, and Bitfarms, placed first, fifth, and tenth on the top 10 list, respectively, are all making a pivot to datacenters.
Despite being less than 1% of our total developable portfolio, we believe that the conversion of just our Washington site to GPU-as-a-Service could potentially produce more net operating income than we have ever generated with Bitcoin mining.
BTC PriceAt the time of writing, Bitcoin is trading around $68,200, up more than 6% over the past week.
