Bitcoin mining and digital infrastructure company Core Scientific (CORZ) sold more than 1,900 Bitcoins in January for approximately $175 million, according to CORZ’s fourth-quarter earnings call.
The sale would mean an average price per BTC of about $92,100, about 35% higher than the current price of $67,000, as it accelerates the shift toward AI-centric data center operations.
Chief Financial Officer Jim Nygaard said on the fourth-quarter conference call that the company “also opportunistically sold over 1,900 Bitcoins for approximately $175 million,” adding, “Currently, we hold less than 1,000 Bitcoins and expect to remain opportunistic in the future.”
On December 31, 2025, the company held 2,537 Bitcoins, and the latest sale brought its holdings to approximately 630 Bitcoins.
Management has made it clear that Bitcoin mining is no longer a long-term focus. CEO Adam Sullivan described the mining industry as “largely in a run-off state”, with operations maintained primarily to meet minimum power requirements while legacy sites are converted into colocation facilities to support artificial intelligence and high-performance computing workloads.
Core Scientific ended the year with about $530 million in liquidity and highlighted that it could have up to $4 billion in potential financing when its 590 MW CoreWeave contract stabilizes, highlighting that BTC sales will be used to fund AI infrastructure expansion rather than rebuild mining capacity.
Core Scientific missed fourth-quarter expectations, reporting revenue of $79.8 million, compared with expectations of $122.08 million, and a loss of $0.42 per share, compared with an expected loss of $0.08.
The shift reflects a broader industry shift away from pure Bitcoin mining toward artificial intelligence and data center infrastructure, with MARA Holdings (MARA) inking a deal with investment firm Starwood, Riot Platforms (RIOT) selling about $200 million in Bitcoin in the last two months of 2025, and Cipher Digital (CIFR) and Bitfarms (BITF) both rebranding to emphasize artificial intelligence and HPC businesses.
