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- Core Scientific prepares to sell most Bitcoin holdings to fund AI infrastructure.
- Bitcoin miner begins major BTC liquidation after massive reserve buildup last year.
- Core Scientific shifts strategy as Bitcoin treasury becomes funding source for AI.
Core Scientific is preparing to unwind nearly its entire bitcoin treasury in 2026. The Nasdaq-listed miner indicated that most BTC sales will likely occur early in the year. This is a sharp departure from its accumulation strategy in 2025. With bitcoin sales, the management indicated that it will support a wider change. The firm is shifting resources to artificial intelligence and high-performance computing infrastructure. This means that its online assets are now a means of capital as opposed to a long-term reserve.
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Bitcoin Sales Begin as Core Scientific Moves to Monetize Treasury
The company in its most recent annual filing reported that it anticipates selling significantly its bitcoin holdings. The management intends to use the proceeds to enhance liquidity and financing capital expenditures. Those investments favor its growing artificial intelligence and high-performance computing infrastructure.
Core Scientific owned 2,537 BTC as of Dec. 31, 2025. Those had a fair value of $222 million. The valuation showed an average price of bitcoin of $101,639 in the year. That balance was a steep increase of 256 BTC as of the end of 2024.
In 2025, the company held the majority of its self-mined bitcoin. As a result of this, reserves increased by almost tenfold, even though capital commitments were growing. The accumulation stage has now been reversed to be replaced by monetization.
In the fourth-quarter earnings release, the company executives announced that Core Scientific sold over 1,900 BTC in January. The sale came up with about $175 million in proceeds while the average price of transactions was close to $92,000 per coin. Following the sale, the holdings were reduced to less than 1,000 BTC, and approximately 630 BTC was left. The management noted that additional sales will be determined by the market conditions and finances required.
Chief Financial Officer Jim Nygaard termed the January deal as opportunistic. He observed that the company sold them above what it is presently selling. Chief Executive Officer Adam Sullivan also said that bitcoin mining is effectively at a runoff stage. Some of the facilities are still operational due to the need to fulfill minimum power obligations, and sites are moving to AI-oriented colocation.
Industry Shift Away From Pure Bitcoin Mining
In addition, the strategy of Core Scientific indicates a more wide-ranging repositioning in the mining industry. Several miners that trade on the stock exchange have channeled efforts into artificial intelligence infrastructure. To lower leverage and fund growth, Cango sold 4,451 BTC at approximately $305 million. Riot Platforms has invested in the power capacity in AI projects. TeraWulf has hastened the development of data centers in New York and Texas.
Other diversification strategies have also been described by Bitdeer, CleanSpark, Bitfarms, and IREN in the previous quarters. Such companies are after more predictable revenues than they can get with bitcoin mining, per se. Mining profitability varies according to price fluctuations and an increase in the difficulty of these networks. On the other hand, AI hosting contracts are able to provide more lasting contracts and stable cash flow.
Finally, the announcement by Core Scientific that they will sell almost all of its bitcoin in 2026 is an indication that the company is pivoting its strategy. The company is turning its BTC reserves into infrastructure capital with AI expansion being prior to long-term bitcoin hoarding.
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