Core Scientific reported $215.4 million in quarterly colocation revenue as it pivots toward artificial intelligence infrastructure and phases out its cryptocurrency mining operations.
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Core Scientific reported $215.4 million in quarterly colocation revenue as it pivots toward artificial intelligence infrastructure and phases out its cryptocurrency mining operations.
Core Scientific's colocation revenue hit $215.4 million in Q3, as it continues to strengthen its AI ambitions ahead of its planned Bitcoin mining exit. The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.
CryptoPotato reported the story as "Core Scientific to Exit Bitcoin Mining by 2027 as AI Data Center Business Takes Over."
2 sources have covered this story, including CryptoPotato and Cointelegraph. The earliest reporting in the cluster landed about 1 day ago.
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- FirstCointelegraphNov 5, 7:19 PM ET · United StatesCenter
- +21hCryptoPotatoNov 6, 4:05 PM ET · United StatesCenter
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[01] VerifiedCore event reported by 2 independent outlets across the spectrum.
[02] DisputedKey facts present in mainstream desks; corroboration thin from wires.