GoKawiilCore Scientific to fully exit Bitcoin mining by end of 2026
Core Scientific announced on its November 5 earnings call that it will wind down all Bitcoin mining operations by the end of 2026, entering 2027 as a pure-play AI and high-performance computing colocation provider. CEO Adam Sullivan confirmed the exit timeline, while CFO Jim Nygaard said the mining fleet had already shrunk to roughly half its early-2026 size by the end of September. Third-quarter results showed self-mining revenue fell 79% year-over-year to $12.3 million with a $7.5 million gross loss, while colocation revenue hit $215.4 million, about 92% of total revenue.