Core Scientific to exit Bitcoin mining by year-end as AI data center business grows

Cointime update: Core Scientific plans to stop Bitcoin mining by the end of the year and become a pure-play data center provider in 2027, the company said. Mining now accounts for just 7.5% of its quarterly revenue, reflecting the company’s shift toward AI and high-performance computing hosting. The former mining heavyweight is repositioning its infrastructure around data center services as demand from AI customers surges.