Complete exit from Bitcoin mining by end of 2026
Company: Core Scientific
The claim, verbatim
Core Scientific plans to fully exit Bitcoin mining by the end of 2026. The CFO said the company expects to complete the mining wind-down in Q4 2026 and enter 2027 as a high-density colocation provider.
Source (primary)
Core Scientific plans to shut down Bitcoin mining despite Q3 revenue hitting $233M - AMBCrypto (-, news_article)
View cached copy (2026-11-07)Live source ↗Archive.org ↗
Quote: “Chief Financial Officer Jim Nygaard said the company expects to complete the mining wind-down in the fourth quarter and enter 2027 as a high-density colocation provider.”
How we checked this
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Additional evidence
confirms Core Scientific plans to shut down Bitcoin mining despite Q3 revenue hitting $233M - AMBCrypto
Quote: “Chief Financial Officer Jim Nygaard said the company expects to complete the mining wind-down in the fourth quarter and enter 2027 as a high-density colocation provider.”