Core Scientific, Once the Largest Bitcoin Miner, Plans to Fully Shut Down Bitcoin Mining by Q4 2026
Core Scientific, once the largest Bitcoin miner, said on its Q3 earnings call it will fully exit Bitcoin mining by Q4 2026 and become a pure HPC colocation provider from 2027. Active miners on its network are already down nearly 50% since the end of 2025. Q3 colocation revenue hit $215 million, with EBITDA margin at 57%, signaling miners shifting toward AI hosting.
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