{"id":682074,"date":"2026-11-06T00:52:52","date_gmt":"2026-11-06T00:52:52","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/11\/06\/core-scientific-to-quit-bitcoin-mining-by-year-end-as-ai-business-surges\/"},"modified":"2026-11-06T00:52:52","modified_gmt":"2026-11-06T00:52:52","slug":"core-scientific-to-quit-bitcoin-mining-by-year-end-as-ai-business-surges","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/11\/06\/core-scientific-to-quit-bitcoin-mining-by-year-end-as-ai-business-surges\/","title":{"rendered":"Core Scientific to quit Bitcoin mining by year-end as AI business surges"},"content":{"rendered":"

\"Core<\/p>\n

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.<\/p>\n

Core Scientific said it expects to exit Bitcoin mining by the end of 2026 as it shifts its business toward artificial intelligence and high-performance computing infrastructure.\u00a0<\/p>\n

\u201cWe expect to complete the wind-down during the fourth quarter and enter 2027 as a pure-play, high-density colocation provider,\u201d said<\/span><\/a> Core Scientific chief financial officer Jim Nygaard during a Q3 earnings call on Thursday.\u00a0<\/p>\n

Core Scientific had previously disclosed in a July quarterly filing that hosted mining would end by Dec. 31 as it continued to wind down its self-mining operations. The comment establishes a targeted completion date for its complete Bitcoin mining exit.\u00a0<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

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. Core Scientific said it expects to exit Bitcoin mining by the end of 2026 as it shifts its business toward artificial intelligence and high-performance computing infrastructure.\u00a0 \u201cWe expect to complete […]<\/p>\n","protected":false},"author":1,"featured_media":682075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-682074","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/682074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=682074"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/682074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/682075"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=682074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=682074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=682074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}