Back to news
Adoption
Core Scientific Plans to Exit Bitcoin Mining by End of 2026
(2 hours ago) · 1 source · Summarized by CryptoBipto
Core Scientific (CORZ) has announced plans to stop its Bitcoin mining operations by the end of the year. The company is shifting its focus toward its colocation business, which has reached $215 million in revenue.
WHY IT MATTERS
Bitcoin mining is the process by which specialized computers solve complex math problems to validate transactions on the Bitcoin network and earn new Bitcoin as a reward.
Read the full analysis with a CryptoBipto membership
Members read why every story matters and the full analysis behind it.
SOURCES
- bitcoinmagazine.com
RELATED
BTCBitcoin MiningCore ScientificData CentersAI HostingMining Profitability
Learn the concepts behind this
Clear explanations of the subjects this article touches, with every term defined.
- What is on-chain analysis, and what can blockchain data show?On-chain analysis explained — exchange inflows and outflows, active addresses, hash rate, MVRV and NVT ratios, and what each measurement can and cannot tell you.
- How are institutions and regulators approaching crypto?What institutional adoption means in crypto, how spot ETFs and corporate treasury holdings work, and how regulation shapes what is available to ordinary users.