Bitcoin: a historic mining player abandons mining for AI

Core Scientific, one of Bitcoin’s long-standing mining firms, has confirmed it will exit Bitcoin mining entirely to focus solely on artificial intelligence and high-performance computing (HPC), with the transition expected to be completed by the end of this year. The company is repositioning its infrastructure toward AI and HPC workloads, a segment it views as more promising than its historical mining business. The move marks a notable shift for a firm that was among the largest publicly traded Bitcoin miners by hashrate. It matters because it signals that mining economics are pushing established players toward alternative revenue streams tied to data-center demand. What to watch next is how Core Scientific redeploys its mining capacity and whether other large miners follow suit.