Core Scientific shifts focus from Bitcoin mining to AI data centers
Core Scientific plans to exit Bitcoin mining by year-end as it positions itself as a pure-play data center operator in 2027.
Core Scientific plans to exit Bitcoin mining by year-end as it positions itself as a pure-play data center operator in 2027. Bitcoin (BTC) is trading at $75,654.00, up 0.1% since this brief published. This is an original TLT brief based on reporting by Cointelegraph, with live market data added, as of Fri, 06 Nov 2026 07:00:05 UTC.
The shift would redirect Core Scientific’s resources from mining into an AI-focused data-center business at a time when Bitcoin mining already contributes only 7.5% of quarterly revenue.
- Core Scientific plans to end Bitcoin mining by year-end
- Mining represents 7.5% of quarterly revenue
- The company aims to become a pure-play data center provider in 2027
- Bitcoin trades at $75,566 after a 5.99% daily decline
- Strategy Shifts Focus from Bitcoin, Invests $205M in STRC Repurchases
- Core Scientific shifts focus from Bitcoin mining to AI data centers — this brief
Core Scientific plans to stop 
Bitcoin mining by the end of the year and reposition itself as a pure-play data center provider in 2027, according to Cointelegraph. The company’s pivot follows growth in its AI-related business, while Bitcoin mining now accounts for only 7.5% of quarterly revenue.
Cointelegraph characterizes Core Scientific as a former Bitcoin mining heavyweight whose revenue mix has shifted toward data centers. No independent outlet coverage was supplied for this development, so the timeline, revenue contribution and strategic rationale currently rest on a single report.
The exit would come amid a broader Bitcoin mining environment marked by a network hashrate of 1,035 EH/s and difficulty of 148.4T, both verified through mempool.space. Those figures describe the network conditions Core Scientific would leave as it concentrates on AI-oriented data-center operations in 2027.
Market conditions are unfavorable for mining assets broadly: Bitcoin is down 5.99% over 24 hours and 3.23% over seven days, trading at $75,566 with a $1.52 trillion market capitalization. The total crypto market stands at $2.61 trillion and is broadly lower, while the Fear & Greed Index reads 28, indicating fear. Core Scientific’s next phase will therefore be judged against the performance of its expanding AI data-center business rather than continued mining output.
Since this brief published about 7 hours ago, Bitcoin (BTC) has moved from $75,566.00 to $75,654.00 — +0.12%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $70,000 by December 31, 2026?
Crowd-implied probability on Polymarket, $148.02K 24h volume, resolves Jan 1 — snapshotted when this brief published (Nov 6 06:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦104.40M (about $75,654.00), down 6.1% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 6, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Core Scientific shifts focus from Bitcoin mining to AI data — questions & answers
When will Core Scientific stop Bitcoin mining?
Cointelegraph reports that the company plans to exit Bitcoin mining by year-end and become a pure-play data center provider in 2027.
How much revenue still comes from Bitcoin mining?
Bitcoin mining currently accounts for 7.5% of Core Scientific’s quarterly revenue, according to Cointelegraph.
What market conditions accompany the company’s pivot?
Bitcoin is down 5.99% over 24 hours at $75,566, while the Fear & Greed Index stands at 28 and the broader crypto market is broadly lower.
How much is 1 Bitcoin worth in naira today?
About ₦104.40M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $75,654.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.12% since this brief first published — trading at $75,654.00 now versus $75,566.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Cointelegraph. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.