AiCoin|Mar 03, 2026 07:10
[Core Scientific Plans to Sell 2,500 Bitcoins in Q1 2026 to Shift Focus to AI Business]
Core Scientific (NASDAQ: CORZ) disclosed in its annual report that it expects to sell its entire reserve of approximately 2,500 bitcoins in the first quarter of 2026 to enhance liquidity and fund capital expenditures for the expansion of its AI computing hosting business. As of December 31, 2025, the company holds 2,537 bitcoins, with a total value of $222 million (calculated at an average price of $101,639 per bitcoin in 2025), marking a significant increase from 256 bitcoins at the end of 2024. Recently, several publicly listed mining companies, such as Cango, Bitdeer, and Riot, have also adjusted their bitcoin monetization strategies to support transitions toward AI and data center infrastructure.
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