Core Scientific plans to exit Bitcoin mining by the end of 2026

The former mining giant will operate solely as an AI and high-performance computing colocation provider starting in 2027 Core Scientific is getting out of the Bitcoin mining business. The Nasdaq-listed company plans to fully exit self-mining by the end of the fourth quarter of 2026. Starting in 2027, it intends to operate purely as a high-density colocation provider for high-performance computing and AI workloads. The company disclosed the plan in its third-quarter 2026 earnings report, released on November 5, 2026. The timeline is specific: self-mining ends by December 31, 2026, and hosted mining for third parties is winding down as well. Colocation revenue reached $215.4 million in Q3 2026, up nearly 60% from the prior quarter. Self-mining went the other way.

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