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Core Scientific Shifts Focus from Bitcoin Mining to AI as Revenue Models Evolve

Crypto News

Core Scientific Shifts Focus from Bitcoin Mining to AI as Revenue Models Evolve

Core Scientific to quit Bitcoin mining by year-end as AI business surges

Cointelegraph

Core Scientific to quit Bitcoin mining by year-end as AI business surges

The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.

Core Scientific to Exit Bitcoin Mining by 2027 as AI Data Center Business Takes Over

CryptoPotato

Core Scientific to Exit Bitcoin Mining by 2027 as AI Data Center Business Takes Over

Core Scientific's colocation revenue hit $215.4 million in Q3, as it continues to strengthen its AI ambitions ahead of its planned Bitcoin mining exit.

IREN Stock Price Crashes 17% as Bitcoin Mining Revenue Falls 58% Despite AI Growth

The Crypto Times

IREN Stock Price Crashes 17% as Bitcoin Mining Revenue Falls 58% Despite AI Growth

IREN shares fell 17% as Bitcoin mining revenue dropped 58% to $28 million, while AI cloud revenue climbed 182% to $200 million in the September quarter.

Core Scientific's Bitcoin Mining Era Nears Its End as Colocation Revenue Takes Over

The Crypto Times

Core Scientific's Bitcoin Mining Era Nears Its End as Colocation Revenue Takes Over

Core Scientific plans to end its Bitcoin self-mining operations by the end of 2026 as colocation revenue climbs to $215.4 million, accounting for most of its third-quarter revenue.

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