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Core Scientific to quit Bitcoin mining by year-end as AI business surges

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Cointelegraph
By Cointelegraph by Felix Ng
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Core Scientific to quit Bitcoin mining by year-end as AI business surges
Photo / Coverage: CointelegraphCredit: Cointelegraph by Felix Ng
EXECUTIVE SUMMARY

The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.

Key Takeaways

  • Core Scientific to quit Bitcoin mining by year-end as AI business surges.
  • The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.
  • The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.

The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.

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