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, about 35% higher than the current price of $67,000, as it accelerates its shift toward AI-focused data center operations.
Chief Financial Officer Jim Nygaard said on the fourth-quarter call that the company “also opportunistically sold just over 1,900 bitcoins for approximately $175 million,” adding, “right now, we hold less than 1,000 bitcoins and we expect to remain opportunistic in the future.”
On December 31, 2025, the company had 2,537 BTC and the latest sale brought its account to around 630 BTC.
Management has made it clear that bitcoin mining is no longer the long-term focus. CEO Adam Sullivan described the mining segment as “essentially run-off,” with operations maintained primarily to meet minimum energy consumption requirements, while legacy sites are converted into colocation facilities that support 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 financing tied to its 590-megawatt CoreWeave contract at the time of stabilization, underscoring that BTC sales are being used to fund AI infrastructure expansion rather than rebuild mining capacity.
Core Scientific missed fourth-quarter expectations, reporting $79.8 million in revenue versus the consensus of $122.08 million and a loss of $0.42 per share versus estimates of a 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) reaching a deal with investment firm Starwood, Riot Platforms (RIOT) selling approximately $200 million of bitcoin in the last two months of 2025, and both Cipher Digital (CIFR) and Bitfarms (BITF) rebranding to emphasize exposure to AI and HPC.
