Core Scientific has sold approximately 1,900 BTC for $175 million in January, reducing its holdings to under 1,000 BTC as the company transitions from traditional cryptocurrency mining to AI data centers. This move aligns with a broader industry trend where miners are prioritizing AI hosting contracts over pure Bitcoin production, repurposing energy-intensive data centers to meet the growing demand for computing power. The shift also reflects an asset management strategy where Bitcoin mining firms liquidate portions of their holdings to reinvest in diversified operations, such as AI infrastructure.
Core Scientific sells ~1,900 BTC for $175M, pivots to AI data centers
