StocksMedium•5 November 2026•
1 min read
Core Scientific to Exit Bitcoin Mining by End of 2026 in Strategic Pivot to AI Data Centers
Key Facts
1Core Scientific intends to completely cease its Bitcoin mining operations by the end of 2026.
2The company is strategically pivoting toward AI data center colocation to secure more stable revenue streams.
Core Scientific intends to completely cease its Bitcoin mining operations by the end of 2026. Crypto Briefing reported that the company is strategically pivoting toward AI data center colocation to secure more stable revenue streams and move away from volatile cryptocurrency markets.
CORZ closed at $12.76 on November 4, 2026, as the firm seeks to operate purely as a high-density colocation provider for high-performance computing. This shift follows a quarter where colocation revenue reached $215.4 million in Q3 2026, up nearly 60% from the prior quarter, while mining revenue fell 79% year-over-year to $12.3 million.