#CoreScientificExpectsToExitBitcoinMiningByYearEnd2026
๐จ CORE SCIENTIFIC IS LEAVING BITCOIN MINING โ AI IS NOW THE BIGGER BET! ๐คโก
One of the largest names in crypto infrastructure is officially pulling the plug on Bitcoin mining! Core Scientific ($CORZ) confirmed during its Q3 earnings call that it will completely wind down self-mining by December 31, 2026 to pivot entirely into a pure-play AI & High-Performance Computing (HPC) data center provider.
๐ The Numbers Driving the Shift
๐ Colocation Boom: AI colocation revenue surged to $215.4 million in Q3 (up nearly 60% quarter-over-quarter).
๐ Mining Shrinkage: Self-mining revenue plunged to $12.3 million (down ~79% YoY). Total Bitcoin mining accounted for just 7.5% of overall Q3 revenue.
โก Hardware Pivot: Active mining units dropped by ~50% compared to late 2025 as power capacity was diverted to AI contracts.
๐ค The Multi-Billion Dollar AI Bet
๐ค Mega-Contracts: Core Scientific holds ~1.1 GW in contracted capacity across major multi-year agreements with CoreWeave (590 MW) and AMD (530 MW).
๐ฐ Revenue Run-Rate: Once fully operational, the portfolio is projected to generate ~$1.8 billion in average annual run-rate revenue.
๐ Power Value: Grid-connected power and cooled industrial land yield significantly higher, predictable returns serving AI hyperscalers than chasing post-halving block rewards.
โ ๏ธ What Traders & Investors Should Watch
๐๏ธ Execution & CapEx Risks: Heavy capital requirements and construction timelines across multi-campus builds could impact delivery.
๐ฏ Tenant Concentration: Revenue reliance on primary anchors like CoreWeave and AMD means execution performance is critical.
๐ Wall Street Repricing: $CORZ.US
is decoupling from Bitcoinโs spot price volatility to trade as an AI infrastructure asset.
$APP
๐ฌ What do you think? I Let us know below! ๐
$CAP
#BinanceReopensWithdrawalsForMoreAssets #USStocksSlipandCryptoMarketUnderBroadPressure #CORZ #CryptoNewss
๐จ CORE SCIENTIFIC IS LEAVING BITCOIN MINING โ AI IS NOW THE BIGGER BET! ๐คโก
One of the largest names in crypto infrastructure is officially pulling the plug on Bitcoin mining! Core Scientific ($CORZ) confirmed during its Q3 earnings call that it will completely wind down self-mining by December 31, 2026 to pivot entirely into a pure-play AI & High-Performance Computing (HPC) data center provider.
๐ The Numbers Driving the Shift
๐ Colocation Boom: AI colocation revenue surged to $215.4 million in Q3 (up nearly 60% quarter-over-quarter).
๐ Mining Shrinkage: Self-mining revenue plunged to $12.3 million (down ~79% YoY). Total Bitcoin mining accounted for just 7.5% of overall Q3 revenue.
โก Hardware Pivot: Active mining units dropped by ~50% compared to late 2025 as power capacity was diverted to AI contracts.
๐ค The Multi-Billion Dollar AI Bet
๐ค Mega-Contracts: Core Scientific holds ~1.1 GW in contracted capacity across major multi-year agreements with CoreWeave (590 MW) and AMD (530 MW).
๐ฐ Revenue Run-Rate: Once fully operational, the portfolio is projected to generate ~$1.8 billion in average annual run-rate revenue.
๐ Power Value: Grid-connected power and cooled industrial land yield significantly higher, predictable returns serving AI hyperscalers than chasing post-halving block rewards.
โ ๏ธ What Traders & Investors Should Watch
๐๏ธ Execution & CapEx Risks: Heavy capital requirements and construction timelines across multi-campus builds could impact delivery.
๐ฏ Tenant Concentration: Revenue reliance on primary anchors like CoreWeave and AMD means execution performance is critical.
๐ Wall Street Repricing: $CORZ.US
is decoupling from Bitcoinโs spot price volatility to trade as an AI infrastructure asset.
$APP
๐ฌ What do you think? I Let us know below! ๐
$CAP
#BinanceReopensWithdrawalsForMoreAssets #USStocksSlipandCryptoMarketUnderBroadPressure #CORZ #CryptoNewss
