Core Scientific, once the largest Bitcoin mining company in the world, plans to completely shut down its mining operations in the fourth quarter of 2026. $BTC

The company announced during its third-quarter earnings call that the number of active miners on its network had fallen by about 50% compared with the end of 2025. This isn’t just a gradual decline; it’s an announced exit from mining.

In the third quarter, the company’s hosting revenue reached $215 million, up nearly 60% quarter over quarter, and its EBITDA margin reached 57%. Starting in 2027, it plans to operate solely as a high-performance computing hosting provider.

If you follow $BTC, this could mean that some major miners see high-performance hosting as a more profitable path than mining itself. But the plan is still tied to an announced timeline—it’s not an immediate shutdown.

Worth remembering: the 57% hosting margin explains why the company prefers to phase out mining.

If you were running the company, would you shut down mining entirely or wait until 2026? 👇

#Bitcoin #Mining

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