Core Scientific said on Nov 5, 2026 it will end all bitcoin mining in Q4 2026 and enter 2027 as an AI-only data-center provider, with CEO Adam Sullivan telling investors no new mining rigs will be bought and remaining ASICs will be sold or retired, according to Q3 results release filed via 8-K.

Core Scientific said on Nov 5, 2026 it will end all bitcoin mining in Q4 2026 and enter 2027 as an AI-only data-center provider, with CEO Adam Sullivan telling investors no new mining rigs will be bought and remaining ASICs will be sold or retired, according to Q3 results release filed via 8-K.

Q3 revenue was $232.9M, up 187% y/y, with $215.4M from AI colocation vs $15M a year earlier, and $17.5M from mining and hosting as self-mining fell 79% to $12.3M. Adjusted EBITDA was $133.6M for a 57% margin, and net income was about $1.18B mostly on a non-cash warrant revaluation.

BTC on balance fell to 32 BTC from 2,537 BTC at end-2025, the rest sold for $286.8M to fund capex, as detailed in its 10-Q. CORZ traded at $11.12, down 12.85% on Nov 5.