Core Scientific exits Bitcoin mining, shifts to AI in 2027
6.6 Investments Core Scientific will exit Bitcoin mining by 2026, shifting to AI and high-performance computing colocation as mining revenue declines and colocation income grows.
Core Scientific, once a major player in Bitcoin mining, has announced it will fully exit the mining sector by the end of 2026. Starting in 2027, the company will focus exclusively on high-performance computing and artificial intelligence (AI) colocation services. This strategic shift follows a significant decline in mining revenue, which now represents only a small fraction of Core Scientific’s total income. In contrast, revenue from colocation services has seen notable growth, prompting the company to repurpose its infrastructure for AI workloads. Since 2025, Core Scientific has reduced its mining fleet by nearly half. This transition is expected to impact the crypto industry by potentially lowering Bitcoin network processing power and increasing the use of mining infrastructure for AI. The move marks a major transformation in Core Scientific’s business model and may influence broader industry trends.
