Core Scientific to Exit Bitcoin Mining by End of 2026
Key Highlights: Core Scientific will completely conclude its exit from Bitcoin mining during the fourth quarter of 2026, transitioning entirely into a high-density colocation and AI infrastructure provider by 2027. Third-quarter revenue reached $232.9 million, with colocation services contributing roughly 92% ($215.4 million) of total revenue, while self-mining revenue fell 79% year-over-year to $12.3 million. ...