{"id":94871,"date":"2026-03-03T12:11:39","date_gmt":"2026-03-03T09:11:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94871"},"modified":"2026-03-03T12:15:23","modified_gmt":"2026-03-03T09:15:23","slug":"core-scientific-to-sell-2537-btc","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/core-scientific-to-sell-2537-btc\/","title":{"rendered":"Core Scientific to Sell 2,537 BTC"},"content":{"rendered":"

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<\/a>.\u00a0<\/p>\n

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.\u00a0<\/p>\n

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.\u00a0<\/p>\n

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.\u00a0<\/p>\n

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.\u00a0<\/p>\n

In July 2025, AI-focused CoreWeave acquired<\/a> Core Scientific for $9 billion.\u00a0<\/p>\n

\n

\u201cWe 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,\u201d said CEO Adam Sullivan.\u00a0<\/em><\/p>\n<\/blockquote>\n

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.\u00a0<\/p>\n

Earlier, miner Bitdeer announced<\/a> the sale of its entire bitcoin stock. Company representatives explained<\/a> the decision as a desire to acquire new facilities.<\/p>\n

Profitable AI\u00a0<\/h2>\n

Mining company Riot Platforms reported<\/a> record annual revenue in 2025. Over 12 months, its income nearly doubled from $376.7 million to $647.4 million.\u00a0<\/p>\n

The firm attributed the positive trend to a strategic pivot towards infrastructure for artificial intelligence and HPC<\/span>.\u00a0<\/p>\n

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.<\/p>\n

The company currently holds over 18,000 BTC.<\/p>\n

\n

\u201cThe 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,\u201d said CEO Jason Les.\u00a0<\/em><\/p>\n<\/blockquote>\n

In mid-January, Riot announced<\/a> the creation of a facility in partnership with chip manufacturer AMD. According to Les, the partnership is already profitable.\u00a0<\/p>\n

Activist investor Starboard Value valued<\/a> the company’s new focus on AI and HPC at $21 billion, urging the miner to accelerate its pivot following competitors.<\/p>\n

Conflict Resolution\u00a0<\/h2>\n

Riot Platforms also reached<\/a> a settlement with SBI Crypto, paying $20 million in cash. The latter filed<\/a> a lawsuit against the miner in 2023, accusing the company of contract breach, fraud, and negligence in equipment storage.\u00a0<\/p>\n

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.<\/p>\n

Later, the company attempted to increase claims to $350 million through an expert opinion, which the court rejected.<\/p>\n

Back in late February, bitcoin miner MARA Holdings reported<\/a> losses of $1.7 billion amid a decline in the price of digital gold. The firm intends to shift its focus to artificial intelligence.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Core Scientific plans to sell its entire holding of 2,537 BTC. The proceeds will fund its AI strategy.<\/p>\n","protected":false},"author":1,"featured_media":94872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Riot Platforms reported record annual revenue thanks to AI.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,18,1271,1137,1186],"class_list":["post-94871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-bitcoin","tag-core-scientific","tag-cryptocurrency-mining","tag-riot-platforms"],"aioseo_notices":[],"amp_enabled":true,"views":"195","promo_type":"1","layout_type":"1","short_excerpt":"Riot Platforms reported record annual revenue thanks to AI.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=94871"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94871\/revisions"}],"predecessor-version":[{"id":94873,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94871\/revisions\/94873"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/94872"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=94871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=94871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=94871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}