Core Scientific to stop bitcoin mining by year-end, become pure colocation provider

Core Scientific will stop bitcoin mining by year-end, CFO Jim Nygaard says, with the wind-down finishing in Q4 and the company entering 2027 as a pure colocation provider. Mining brought in just $17.5M of $232.9M in Q3 revenue, while colocation made $215.4M, now over 90% of revenue.

Detected & updated continuously · Source: Nebula