Core Scientific Sets Year-End Bitcoin Mining Exit as AI Data Centers Expand

Core Scientific, a former Bitcoin mining heavyweight, plans to leave cryptocurrency mining by year-end as its AI-related data-center business expands. The company’s stated direction is to become a pure-play data-center provider in 2027, according to Cointelegraph’s report. Mining currently accounts for 7.5% of its quarterly revenue, making the planned exit a significant change in the company’s operating mix. The transition reflects a broader change in how some mining companies are positioning their infrastructure. Rather than relying primarily on Bitcoin mining, Core Scientific is redirecting its data-center capabilities toward AI services. The company’s AI business was described as growing strongly, although the supplied report did not provide revenue figures, capacity targets, or details about customer commitments for that expansion. Live network data from mempool.space puts Bitcoin’s hashrate at 1,036 EH/s and mining difficulty at 148.4T. Those figures provide the sector context for Core Scientific’s decision, showing that Bitcoin mining remains a large, capital-intensive network even as individual operators diversify away from mining revenue. Market conditions are currently weak for the broader crypto market. Bitcoin is priced at $76,202, down 5.33% over 24 hours and 2.06% over seven days, while total crypto market capitalization stands at $2.63 trillion. The Fear & Greed Index is at 28, indicating a Fear reading. The broader market is broadly lower, and the next operational indicators to monitor are Core Scientific’s year-end mining shutdown, the progress of its 2027 pure-play transition, and the share of revenue generated by AI data centers.