Core Scientific to Sell 2,500 Bitcoin as Company Pivots Toward AI

BTC-1,76%

Core Scientific expects to sell most of its 2,500 BTC holdings in Q1 2026 to strengthen liquidity and fund AI-focused data center expansion. The move reflects a broader shift among public miners pivoting toward high-performance computing.

CORZ Plans Q1 Bitcoin Exit for AI Push

Core Scientific (NASDAQ: CORZ) is preparing to part with most of its bitcoin treasury as it pivots more aggressively toward artificial intelligence (AI) infrastructure.

In its latest annual filing, the company disclosed that it expects to sell most of its 2,500 BTC holdings during the first quarter of 2026. The report did not confirm whether any sales have already occurred.

As of December 31, 2025, Core held 2,537 BTC valued at $222 million, based on a 2025 average price of $101,639 per coin. That balance marked a dramatic jump from just 256 BTC at the end of 2024, with all coins generated through self-mining operations. The buildup came even as Core committed significant capital to high-density colocation projects designed to support AI and other compute-intensive workloads.

“During 2026, we currently expect to monetize substantially all of our bitcoin holdings, subject to market conditions, to enhance liquidity and fund our planned capital expenditures and other cash requirements,” the company said in the filing.

Now, that approach appears to be reversing. Across the sector, public miners are increasingly monetizing crypto holdings to fund AI and high-performance computing (HPC) initiatives.

Cango sold 4,451 BTC for roughly $305 million to reduce leverage and support its AI transition. Bitdeer reduced its bitcoin treasury to zero, while Riot Platforms disclosed selling 5,363 BTC in 2025 for $535.5 million.

The pattern is clear: miners are evolving into hybrid infrastructure providers. Bitcoin once served as a balance sheet hedge; now, it’s becoming working capital for data center expansion.

If bitcoin prices remain elevated, the planned Q1 liquidation could provide Core with substantial financial flexibility. But it also signals a strategic recalibration, one where compute power, not coin accumulation, defines the next growth chapter.

FAQ🤖

  • How much bitcoin does Core Scientific plan to sell?
    Core Scientific expects to sell the majority of its 2,500 BTC holdings during Q1 2026, depending on market conditions and liquidity needs.
  • Why is Core Scientific selling its bitcoin reserves?
    The company aims to strengthen liquidity and fund capital expenditures tied to its AI and high-density colocation infrastructure expansion in the United States.
  • How large was Core’s bitcoin treasury at year-end 2025?

Core held 2,537 BTC valued at approximately $222 million as of December 31, 2025.

  • Are other U.S. bitcoin miners selling BTC for AI projects?
    Yes, companies like Cango, Bitdeer, and Riot Platforms have also sold significant bitcoin holdings to fund AI and high-performance computing initiatives.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Famed trader “Maji” ends 13 straight wins, closing a Bitcoin long position at a loss of $192k

Gate News, April 12. Lookonchain monitoring shows that the well-known trader “Maji” saw their 13-win streak come to an end. Due to the market downturn, they just closed a Bitcoin long position, incurring a loss of about $192k.

GateNews1h ago

BTC 15-minute drop of 1.75%: Derivatives liquidity deterioration and capital withdrawals in sync weigh on prices

From 01:30 to 01:45 (UTC) on 2026-04-12, the BTC price saw significant volatility within the 71,560.0–73,017.1 USDT range. The candlestick return rate recorded -1.75%, and the amplitude reached 2.00%. During this period, market attention increased, the trading atmosphere clearly became more cautious, and heightened volatility triggered short-term capital vigilance. The primary driving force behind this unusual move is the continued deterioration of liquidity in the derivatives market: CME futures open interest fell to a 14-month low, and institutional arbitrage capital accelerated its withdrawal. Futures trading volume trended lower over the long run, and arbitrage basis compression caused the market to deepen in…

GateNews2h ago

Morgan Stanley is considering launching tokenized money market funds, exploring crypto asset tax and lending services

Morgan Stanley’s head of digital asset strategy, Amy Oldenburg, said the firm will treat tokenized money market funds as a future direction, while also considering tax-loss harvesting services and Bitcoin-related products. The firm has filed ETF applications for Ethereum and Solana, and manages $9.3 trillion in client assets.

GateNews2h ago

Bitcoin ETFs Acquire 3,350 BTC in $240M Inflow

Spot ETFs tied to Bitcoin saw a significant inflow of $240 million, indicating strong institutional demand and reflecting a trend of consistent accumulation. With over 721,000 BTC held by ETFs, supply pressure is rising, fundamentally supporting Bitcoin's integration into traditional finance.

Coinfomania2h ago

Bitcoin dips below $72,000, down 0.92% over the past 24 hours

Gate News message: On April 12, market data showed that Bitcoin fell below $72,000, with a 24-hour drop of 0.92%.

GateNews2h ago

BTC 跌破 72000 USDT

Gate News bot 消息,Gate 行情显示,BTC 跌破 72000 USDT,现价 71993.6 USDT。

CryptoRadar2h ago
Comment
0/400
No comments