Bitcoin miner Core Scientific to sell bulk of BTC holdings in 2026 to fund AI pivot
Core Scientific plans to sell most of its Bitcoin reserves in 2026 to fund its strategic pivot toward high-density AI and high-performance computing.Summary
Bitcoin miner Core Scientific (CORZ) announced in its annual report that it expects to liquidate the majority of its Bitcoin holdings, likely in the first quarter of 2026, to finance its expanding artificial intelligence and high-performance computing operations. As of the end of 2025, the company held 2,537 BTC, a significant increase from 2024, reflecting a decision to accumulate rather than sell mined BTC. This accumulation phase is now reversing, as the company has already sold over 1,900 BTC in January 2026 for about $175 million. Core Scientific is repositioning itself as a provider of high-density data center infrastructure for AI workloads, seeking more stable, contracted revenue streams, a trend also seen among other publicly traded miners like Cango, Riot Platforms, and TeraWulf.
(Source：The Block)