Core Scientific News: Bitcoin Miner to Sell All 2,537 BTC After Weak Q4 Earnings
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The post Core Scientific News: Bitcoin Miner to Sell All 2,537 BTC After Weak Q4 Earnings appeared first on Coinpedia Fintech News 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…
Filed under: News - @ March 3, 2026 11:25 am