Core Scientific (CORZ), a bitcoin mining and digital infrastructure company, sold just over 1,900 bitcoins in January for approximately $175 million, according to CORZ’s fourth-quarter earnings call.
The sale implies an average price of around $92,100 per BTC, around 35% higher than the current price of $67,000, as it accelerates its transition to AI-driven data center operations.
CFO Jim Nygaard said on the Q4 call that the company “we also opportunistically sold just over 1,900 bitcoins for approximately $175 million,” adding, “at this time we are holding less than 1,000 bitcoins and plan to remain opportunistic going forward.”
As of December 31, 2025, the company held 2,537 BTC, with the latest sale bringing its total to approximately 630 BTC.
Management has made it clear that Bitcoin mining is no longer a long-term priority. CEO Adam Sullivan described the mining segment as “essentially trickle-down,” with operations maintained primarily to meet minimum power consumption requirements while existing sites are converted into colocation facilities supporting AI and high-performance computing workloads.
Core Scientific ended the year with approximately $530 million in liquidity and highlighted up to $4 billion in potential funding tied to its 590-megawatt CoreWeave contract at the time of stabilization, emphasizing that BTC sales are being used to fund the expansion of AI infrastructure rather than to rebuild mining capacity.
Core Scientific missed fourth-quarter expectations, reporting revenue of $79.8 million versus consensus of $122.08 million and a loss of $0.42 per share versus estimates of a loss of $0.08.
The move reflects a broader industry shift away from pure Bitcoin mining toward AI and data center infrastructure, with MARA Holdings (MARA) striking a deal with investment firm Starwood, Riot Platforms (RIOT) selling about $200 million worth of bitcoin in the last two months of 2025, and the rebranding of Cipher Digital (CIFR) and Bitfarms (BITF) to put emphasis on exposure to AI and HPC.
