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- Core Scientific accelerated bitcoin sales to strengthen cash reserves.
- The company plans to fund AI colocation growth through asset liquidation.
- Other listed miners also moved toward active bitcoin monetization.
According to the report, Core Scientific sold more than 1,900 bitcoin during January and plans to liquidate the remaining balance during the first quarter. The company aims to increase liquidity and finance capital spending linked to its expanding AI colocation business.
The move marks a clear shift from its earlier strategy of holding mined bitcoin as a long-term reserve. The annual filing showed that Core Scientific ended 2025 with 2,537 bitcoin on its balance sheet. The holdings carried a fair value of $222 million.
The calculation relied on an average bitcoin price of $101,639 during the year. This position reflected strong growth from the prior year, when the company held only 256 bitcoin. All of the year end supply came from internal mining operations.
Core Scientific Uses Bitcoin Sales to Support AI Infrastructure
Throughout 2025, the company did not regularly sell its bitcoin. Instead, it chose to retain rather than liquidate. This strategy proved to be successful, as the company’s reserve grew nearly ten times in size over the next year. This was an interesting move, especially since the company had significant demands for investments.
High-density colocation projects require significant capital expenditures. These types of projects cater to artificial intelligence models, among other data-intensive applications. The company’s priorities have shifted in early 2026, however, as it now sees its bitcoin as a funding mechanism rather than a store of value.
The company sold $175M in bitcoin in January and may sell 600 more this quarter. Core Scientific now serves AI developers and high-powered computing clients. Liquidity guides spending on construction, equipment, and operations.
Bitcoin Miners Shift Treasury Strategy
This also helps minimize the exposure to price fluctuations, especially during high-spending times. This approach also ensures that the operations of the business are aligned with the treasury management goals. Core Scientific does not operate in isolation, however.
There have been other listed miners who have adjusted their treasury approaches over the recent months. Cango, for instance, sold 4,451 bitcoin for about $305 million. It then directed the funds towards debt reduction and AI-related projects. Bitdeer, however, has chosen a different approach.
It has chosen to eliminate its bitcoin treasury position completely. Riot focused on data centers and AI, selling 5,363 bitcoin in 2025 for $535.5 million to fund operations and growth. Public miners now treat bitcoin as working capital, using sales to support cash-intensive AI investments.
Also Read: Strategy Becomes Most Shorted Large-Cap Stock as Bitcoin Slump Fuels Bearish Bets
