Core Scientific (CORZ) to Exit Bitcoin Mining by Year-End as Colocation Hits $215 Million

Core Scientific (CORZ) is strategically pivoting away from Bitcoin mining operations, with plans to fully exit the sector by the end of the current year. The company anticipates completing the wind-down of its self-mining activities in the fourth quarter, aiming to transform into a dedicated AI colocation landlord by 2027. This shift is highlighted by a significant reduction in self-mining revenue, which has already decreased to $12.3 million.