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Core Scientific to quit Bitcoin mining by year-end as AI business surges

06 Nov , 2026   By : Shambhavi Mishra


Core Scientific to quit Bitcoin mining by year-end as AI business surges

? Quick Take: The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue....

Core Scientific to quit Bitcoin mining by year-end as AI business surges — Latest news and market updates in the cryptocurrency news segment reported by cointelegraph-news.

What the Latest Development Means

The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.

Market analysts and institutional observers are tracking the immediate implications of this development across the sector. Both retail investors and broader market participants are advised to monitor official disclosures for continued guidance.

What Should Investors Do Now?

  • Immediate Focus: Core Scientific to quit Bitcoin mining by year-end as AI business surges
  • Market Segment: Cryptocurrency News
  • Documentation: Verified via cointelegraph-news
  • Action Point: Track company disclosures and upcoming quarterly reports to gauge forward momentum.

Source Attribution: Originally reported by cointelegraph-news (https://cointelegraph.com/news/core-scientific-to-quit-bitcoin-mining-by-year-end-as-ai-business-surges).

Disclaimer: For educational and informational purposes only. Consult a SEBI-registered financial advisor before making investment decisions.

Disclaimer: The financial, market, and corporate developments published above are reported for informational and educational purposes only. GrowMudra does not provide investment advice or stock recommendations. Readers are strongly advised to consult a SEBI-registered financial advisor before making investment decisions.

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