Scientific News: Core Scientific Is Quitting Bitcoin Mining as It Now Makes About 92% of Its Revenue Renting to AI Customers

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Science Daily Reports

Details: Written by Bing News Search Results; Category: Science Daily Reports; Published: 07 November 2026; Created: 07 November 2026; Last Updated: 07 November 2026

Core Scientific has put a year-end date on abandoning the business that made its name, and its stock keeps sliding anyway. Behind the pivot sit one dominant tenant, a mountain of debt, and two ...
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Source:247wallst.com

Posted: 2026-11-07 11:52:00

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Scientific News: Core Scientific sells 816 BTC, holds just 32 BTC as AI pivot accelerates
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Core Scientific sold 816 BTC in Q3 2026, leaving 32 BTC, as it plans to exit Bitcoin mining by year-end and pivot to AI colocation.
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Scientific News: Core Scientific (CORZ) Stock Falls 11% After Setting Year-End Bitcoin Mining Exit
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Core Scientific (CORZ) stock fell 11% Thursday after the company set a year-end exit from Bitcoin mining as colocation drives Q3 revenue.
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