Core Scientific (CORZ) to Exit Bitcoin Mining by Year-End as Colocation Hits $215 Million

Core Scientific announced that it will completely exit bitcoin mining by the end of the fourth quarter to transition into a pure-play high-density colocation provider. Management reported that colocation revenue climbed significantly while self-mining revenue fell sharply. The company has been repurposing its power and floor space for AI and high-performance computing workloads under long-term agreements. Open article →