Q1 2026 mining impairment
Company: Core Scientific
The claim, verbatim
In the first quarter of 2026, the company recorded an impairment of $266.5 million amid a lower Bitcoin price, low hash prices, and falling mining equipment values.
Source (primary)
Core Scientific to Exit Bitcoin Mining by Year-End, Pivots to Pure-Play AI Data Centers - BigGo Finance (-, news_article)
View cached copy (2026-11-06)Live source ↗Archive.org ↗
Quote: “In the first quarter of 2026, the company recorded an impairment of $266.5 million”
How we checked this
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Additional evidence
confirms Core Scientific to Exit Bitcoin Mining by Year-End, Pivots to Pure-Play AI Data Centers - BigGo Finance
Quote: “In the first quarter of 2026, the company recorded an impairment of $266.5 million”