Core Scientific Sells Bitcoin to Fund AI Pivot as DATs Come Under Pressure

Core Scientific said it would sell nearly all its Bitcoin holdings to finance a shift toward AI and high-performance computing. Its most recent 10-K shows the company sold 1,924 Bitcoin between December and February for aggregate proceeds of nearly $176 million; Bitcoin Treasuries lists its remaining holdings at 613 Bitcoin, worth nearly $42 million.

The firm will convert its Pecos, Texas facility from mining to colocation services to meet rising demand for AI infrastructure. The move mirrors a broader industry pivot as miners chase more lucrative business models amid weaker prices and rising energy costs. Last December, BeInCrypto reported Bitcoin mining profitability hit record lows by the end of 2025, with 70% of the top 10 mining companies already generating revenue from infrastructure services; Core Scientific joins CleanSpark, Riot Platforms and IREN in that trend.

United States, Pecos, Texas

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