Core Scientific sells 1,900 BTC for $175M as it scales AI data center operations
Core Scientific shifts focus from Bitcoin mining to AI infrastructure, bolstering liquidity with strategic asset sales.
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Add us on Google by Vivian Nguyen | Powered by Gloria Mar. 3, 2026Core Scientific, a large-scale data center operator originally built for Bitcoin mining, offloaded roughly 1,900 BTC for $175 million in January as it moved toward building AI infrastructure.
The update was announced by Jim Nygaard, the company’s chief financial officer, during the Q4 earnings call.
According to a recent SEC filing, Core Scientific held over 2,500 BTC at the end of 2025. With the latest transaction, the firm now holds fewer than 1,000 coins.
That sale implies an average price of roughly $92,000 per coin. Nygaard said the company leveraged market conditions early in the year to strengthen its liquidity position while keeping options open for the future.
Bitcoin was hovering around $67,000 at the time of reporting, down over 30% from last month’s high of $97,000, per TradingView.
The sale reflects a broader industry movement as mining firms with existing power capacity redirect resources toward AI and high-performance computing.
Core Scientific’s executives highlighted steady execution across the company’s AI data center expansion program, reporting that about 350 megawatts of capacity had been energized by the time of the call, with nearly 100 megawatts billing.
Management said customer negotiations are ongoing across multiple large counterparties, with 500 megawatts currently under exclusivity arrangements and a pipeline of about 1.5 gigawatts of leasable capacity tied to real development opportunities.
Leadership reiterated a strategy of advancing site readiness, securing long-lead equipment, and prioritizing creditworthy tenants supported by guarantees from hyperscalers, chip manufacturers, or other investment-grade partners.
The company expects colocation revenue to expand as additional megawatts move from construction into billing status, supporting margin expansion over time.
