Advertise
- Zafar Naik
Zafar Naik
- Mar 03, 2026 09:08 UTC
-
Core Scientific News: Bitcoin Miner to Sell All 2,537 BTC After Weak Q4 Earnings
Core Scientific plans to liquidate nearly all of its 2,537 BTC, worth $222 million at year-end, in Q1 2026.
Q4 2025 earnings missed revenue estimates by over $44 million as mining revenue continues to shrink.
The company joins Bitdeer, Riot, and Cango in a growing wave of miners dumping BTC to fund AI infrastructure.
Bitcoin miner Core Scientific (NASDAQ: CORZ) is getting ready to offload virtually its entire Bitcoin stash. And the timing is interesting.
In its annual report filed Monday, the company revealed it expects to sell the majority of its 2,537 BTC holdings during Q1 2026. The proceeds will go straight into funding its AI compute colocation buildout.
“During 2026, we currently expect to monetize substantially all of our bitcoin holdings, subject to market conditions, to enhance liquidity and fund our planned capital expenditures and other cash requirements,” the company stated in the filing.
From 256 BTC to 2,537, and Now Back to Zero
Here’s what makes this interesting. Core Scientific spent all of 2025 hoarding. Instead of selling mined coins to cover costs, they held. Their reserve grew nearly tenfold, from 256 BTC at the end of 2024 to 2,537 BTC by December 31, 2025, all produced through self-mining. The carrying fair value sat at $222 million, based on an average price of $101,639 per coin.
That accumulation strategy is now being reversed entirely.
Also Read: Jack Dorsey’s Block AI Layoffs Spark Backlash: What This Means for Cash App Bitcoin Users
Core Scientific Q4 Earnings Add Pressure
The BTC sale announcement landed alongside a rough earnings report. Core Scientific posted Q4 2025 revenue of $79.8 million, falling well short of the $124.5 million analysts expected. Colocation revenue climbed to $31.3 million from $8.5 million a year ago, but it wasn’t enough to offset the mining slowdown.
The company is now scaling a 1.5 gigawatt pipeline of leasable AI capacity with over $10 billion in contracted revenue.
Another Miner Joins the BTC Exit
Core Scientific isn’t the first one.
As Coinpedia reported, Bitdeer also recently dropped its BTC holdings to zero. Cango sold 4,451 BTC for roughly $305 million. Riot Platforms moved 5,363 BTC in 2025 for about $535.5 million in proceeds.
Every one of these sales pointed toward the same destination: AI infrastructure.
What This Means for Bitcoin
With BTC currently trading around $66,988, well below the estimated $87,000 production cost for most miners, the pressure to sell is structural. Miners sitting on reserves they built at higher average costs now face a choice: hold and bleed, or sell and build.
Core Scientific has clearly made its call.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Yes 
No 
