Core Scientific sells 1,900 BTC for $175M as it scales AI data center operations
Core Scientific sold 1,900 BTC for $175 million in January to fund its expansion into AI data center infrastructure.Summary
Core Scientific, a major data center operator transitioning from Bitcoin mining to AI infrastructure, sold approximately 1,900 BTC for $175 million in January. CFO Jim Nygaard announced this during the Q4 earnings call, noting the sale strengthened liquidity at an average price of about $92,000 per coin. This move aligns with a broader industry trend of miners redirecting power capacity toward high-performance computing and AI. The company reported energizing about 350 megawatts of AI data center capacity, with nearly 100 megawatts currently billing. Core Scientific is actively negotiating with large counterparties, has 500 megawatts under exclusivity, and sees a pipeline of 1.5 gigawatts of leasable capacity, expecting future margin expansion as more capacity becomes billable.
(Source：Crypto Briefing)