Core Scientific plans to exit Bitcoin mining by the end of 2026
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Core Scientific plans to fully exit Bitcoin mining by the end of 2026, pivoting its business to AI colocation. The company is repositioning away from volatile crypto markets toward steadier, contract-based revenue from hosting AI compute. The move underscores a broader trend of miners converting power infrastructure into data-center capacity for AI customers. It matters because it signals that Bitcoin mining economics are increasingly competing with AI hosting for the same energy and facilities. What to watch next is how quickly Core Scientific completes the transition and whether other miners follow with similar exits.
Muhabbit's AI wrote this summary in its own words from Crypto Briefing's report. It can get details wrong, so check the source.
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Core Scientific, Bitcoin (BTC)
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