Track Core Scientific in your portfolio
Create your free portfolio and track your Bitcoin exposure —treasuries, ETFs and direct BTC— in one place, with weighted mNAV and BTC Yield.
Acquisition History
Acquisition data not available.
Treasury Metrics
What is Core Scientific?
Core Scientific was one of the largest listed Bitcoin miners in the United States, but in 2026 it is liquidating nearly all of its Bitcoin —around 547 BTC remain— to finance its shift toward data-center infrastructure for artificial intelligence. Based in Austin (Texas) and listed as CORZ, it emerged from Chapter 11 in January 2024 and has pivoted its business from BTC mining to high-performance computing.
History and model
Core Scientific was founded in 2017 and became one of the largest Bitcoin mining companies in the United States, with a broad network of data centers. The fall in Bitcoin's price and the rise in energy costs in 2022 led it to file for Chapter 11 bankruptcy in December that year. It restructured its debt and relisted after emerging from the process in January 2024, since when its strategy has changed radically.
From Bitcoin to artificial intelligence
After its restructuring, Core Scientific has reoriented its business from Bitcoin mining toward high-performance computing (HPC) infrastructure for artificial intelligence, in line with the trend of several miners converting their data centers for AI clients. Much of its facilities are being transformed into AI colocation, and its Bitcoin mining activity has become, in its own words, essentially in runoff (winding down).
Liquidating the treasury
Consistent with that shift, Core Scientific announced it would monetize substantially all of its Bitcoin in 2026 to fund the capex of its AI expansion. It already sold around 1,900 BTC in January, taking holdings below a thousand, and as of 31 May 2026 it held roughly 547 BTC, intending to keep selling periodically. It is the reverse of the accumulation model: a miner giving up its Bitcoin reserve to reinvest in another business.
Position on SatsIntel
In the SatsIntel directory, Core Scientific is a case of a miner abandoning Bitcoin on its balance sheet, like IRIS Energy: it appears for its residual reserve, but its thesis is no longer that of a treasury. It contrasts with miners such as [Marathon](/en/treasuries/marathon-digital) or [CleanSpark](/en/treasuries/cleanspark), which do hold and accumulate BTC. Its case illustrates one of the big trends of 2026: the migration of compute capacity from Bitcoin mining to artificial intelligence.
Frequently asked questions
How much Bitcoin does Core Scientific hold?
Core Scientific held roughly 547 BTC as of 31 May 2026, in the middle of a liquidation process. It has gone from being one of the largest miners with Bitcoin on its balance sheet to selling substantially all of its reserve to finance its pivot to artificial intelligence infrastructure.
Why is Core Scientific selling its Bitcoin?
Core Scientific is monetizing almost all of its Bitcoin to finance its shift toward data-center infrastructure for artificial intelligence and high-performance computing (HPC). It is part of a broader trend of miners converting their compute capacity and facilities for AI clients.
Is Core Scientific still mining Bitcoin?
Its Bitcoin mining activity has become essentially in runoff (winding down): it keeps some operations to meet minimum power commitments while it converts its data centers into AI colocation. Mining is no longer its core business.
What happened to Core Scientific in 2022?
Core Scientific filed for Chapter 11 bankruptcy in December 2022, hit by the fall in Bitcoin's price and rising energy costs. It restructured its debt and emerged from the process in January 2024, after which it reoriented its strategy toward artificial intelligence.
Is it comparable to Marathon or CleanSpark?
Not in terms of treasury strategy. Miners such as Marathon (MARA) or CleanSpark hold and accumulate Bitcoin on their balance sheets as part of their model, whereas Core Scientific is selling practically all of its reserve to reinvest in AI infrastructure. They share mining roots, but their relationship with Bitcoin is now opposite.
Read this profile in Spanish: ver ficha en español →
Corporate Bitcoin moves, every week
Daily closes, treasury purchases and analysis in your inbox. No spam.
Disclaimer: SatsIntel is for informational purposes only. It is not an authorized crypto-asset service provider (CASP) and does not provide financial, tax or legal advice. Crypto-assets are high-risk assets and may result in the total loss of the invested capital. See the legal terms.