Core Scientific Liquidates $175M BTC Holdings for AI Push

Core Scientific, a prominent bitcoin mining and digital infrastructure operator, sold approximately 1,900 BTC in January 2026 for $175 million. The sale averaged about $92,100 per coin. Following the sale, the company’s bitcoin holdings decreased from 2,537 to under 1,000. 

According to official disclosures, the company plans to sell its remaining Bitcoin reserves in the first quarter of 2026 to improve cash flow. The shift in strategy reflects bitcoin miners’ adaptation to new market conditions and the growing demand for AI computing power.

Financial Strategy and Market Context

Core Scientific ended 2025 with approximately $530 million in total liquidity. This increase followed a Bitcoin sale in January, which capitalized on prices approximately 35% higher than the current level of around $67,000. The funds raised will be allocated to capital projects for facility upgrades and expansions related to artificial intelligence (AI).

The company plans to sell its remaining Bitcoin holdings in the first quarter of 2026, depending on market conditions, to further enhance its liquidity. In the fourth quarter of 2025, the company reported revenue of $79.8 million, a decline from the previous year due to lower mining output; however, colocation services increased to $31.3 million. 

The company noted an improvement in net income thanks to reduced impairments, while full-year figures included costs related to its transition.

Strategic Shift to AI Infrastructure

Core Scientific, among many others, is shifting its focus to become an AI infrastructure provider. The company will exit traditional mining operations and convert its facilities for high-density colocation. It has signed a 12-year agreement with CoreWeave, which includes options for extension, covering approximately 590 MW of capacity. This deal could generate over $10 billion in revenue and facilitate up to $4 billion in financing.

Meanwhile, construction is underway on five AI “factories” located in Denton, Texas, and Marble, North Carolina, with additional developments planned in Muskogee, Oklahoma, and Dalton, Georgia. The current energized capacity is around 350 MW, with approximately 200 MW actively billed. 

This progress puts Core Scientific on track to fulfill its commitment to CoreWeave by early 2027. The company has a pipeline that includes 500 MW under exclusivity with reliable partners, 700 MW of potential leasing opportunities, and nearly 1.5 GW of total customer-leasable capacity. 

Management acknowledges the risks associated with the shift, such as high capital costs and dependence on key contracts. However, it anticipates that this change could lead to more stable, profitable revenue, which has not been seen in the traditional mining sector.

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