1 week ago

Core Scientific Plans to Sell 2,500+ Bitcoin in Q1 2026 to Finance AI Colocation Expansion

TLDR: Core Scientific held 2,537 BTC worth $222M at year-end 2025, all mined through self-operations.  The company plans to sell substantially all Bitcoin in 2026 to fund AI capital expenditures.  BTC holdings grew nearly tenfold in 2025, from 256 coins to 2,537, before the strategy shifted.  Miners like Riot, Cango, and Bitdeer are also liquidating [...]

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Source: Blockonomi →