Mining company Core Scientific plans to sell its entire holding of 2,537 BTC (approximately $170 million at current rates). The proceeds will be used to enhance liquidity and fund its AI strategy, according to its annual report.
The firm intends to sell the majority of its bitcoin reserves by the end of the first quarter. The exact timing and volume will depend on market conditions.
As of the end of 2025, Core Scientific held 2,537 BTC ($222 million at that time) at an average price of $101,639 per coin. For comparison, by the end of 2024, the company managed 256 BTC. All assets were acquired through mining.
Nevertheless, cryptocurrency mining revenue in the fourth quarter fell to $42.2 million, and total revenue decreased to $79.8 million from $94.9 million the previous year.
Core Scientific has focused on increasing revenue from leasing computing infrastructure. Over the year, this figure more than tripled to $31.3 million, compared to $8.5 million in 2024.
In July 2025, AI-focused CoreWeave acquired Core Scientific for $9 billion.
“We are already halfway through our current projects and are expanding our colocation platform to a 1.5 GW pipeline ready for lease. With a presence in multiple regions and proven expertise, we are accelerating the deployment of facilities to ensure sustainable growth for the company,” said CEO Adam Sullivan.
Gross profit for the quarter rose to $20.8 million (from $4.8 million in 2024), but adjusted EBITDA remained negative at -$42.7 million. By the end of the year, the firm’s liquidity stood at $533.4 million.
Earlier, miner Bitdeer announced the sale of its entire bitcoin stock. Company representatives explained the decision as a desire to acquire new facilities.
Profitable AI
Mining company Riot Platforms reported record annual revenue in 2025. Over 12 months, its income nearly doubled from $376.7 million to $647.4 million.
The firm attributed the positive trend to a strategic pivot towards infrastructure for artificial intelligence and HPC.
Riot also increased its bitcoin mining output to 5,686 BTC from 4,828 BTC the previous year. Mining revenue rose to $576.3 million, aided by the asset’s price increase during most of the reporting period. However, the cost of mining rose to $49,645 per coin.
The company currently holds over 18,000 BTC.
“The year 2025 was pivotal for Riot, marking a strategic evolution of the business. By leveraging our nearly 2 GW energy portfolio for high-demand data center infrastructure, we are creating value for shareholders,” said CEO Jason Les.
In mid-January, Riot announced the creation of a facility in partnership with chip manufacturer AMD. According to Les, the partnership is already profitable.
Activist investor Starboard Value valued the company’s new focus on AI and HPC at $21 billion, urging the miner to accelerate its pivot following competitors.
Conflict Resolution
Riot Platforms also reached a settlement with SBI Crypto, paying $20 million in cash. The latter filed a lawsuit against the miner in 2023, accusing the company of contract breach, fraud, and negligence in equipment storage.
The final settlement amount was significantly lower than SBI’s initial demands. The plaintiff sought to recover more than $175 million from the defendant (part of the sum was calculated considering bitcoin’s rise), as well as $50 million for equipment upgrades. Additionally, the claim included penalties, legal fees, and interest.
Later, the company attempted to increase claims to $350 million through an expert opinion, which the court rejected.
Back in late February, bitcoin miner MARA Holdings reported losses of $1.7 billion amid a decline in the price of digital gold. The firm intends to shift its focus to artificial intelligence.