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Core Scientific Sells About 1,900 BTC for $175M, Shifts Focus to AI Data Centers

Bitcoin miner Core Scientific sold just over 1,900 BTC for $175 million in January at an average price of about $92,100 per coin, The Coin Republic reports. The Nasdaq-listed company, which held 2,537 BTC worth roughly $222 million at the end of 2025, plans to dispose of most of its remaining Bitcoin during Q1 2026 to fund a 1.5 gigawatt pipeline of leasable AI capacity and support a capital base that includes approximately $530 million in year-end liquidity and up to $4 billion in potential financing tied to a 590 megawatt CoreWeave contract. CEO Adam Sullivan called the mining segment "essentially in runoff," saying operations continue mainly to meet power obligations while assets are redirected toward AI-focused colocation services. The move marks a reversal from 2025, when Core Scientific increased its holdings from 256 BTC at the end of 2024 to 2,537 BTC by year-end 2025 through self-mining, and comes amid sector-wide pressure that has pushed miners, including Riot Platforms, to sell Bitcoin to finance data center and high-performance computing projects.
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