Core Scientific, a large-scale data center operator originally built for bitcoin mining, offloaded nearly 1,900 BTC worth $175 million in January as it moved toward building AI infrastructure.
The update was announced by Jim Nygaard, the company’s CFO, during the Q4 earnings call.
According to the latest SEC filing, Core Scientific held more than 2,500 BTC at the end of 2025. With the latest transaction, the company now has less than 1,000 coins.
This sale implies an average value of about $92,000 per coin. Nygaard said the company took advantage of market conditions earlier in the year to strengthen its liquidity position and keep options open for the future.
Bitcoin was around $67,000 at the time of the report, down more than 30% from last month’s high of $97,000 on TradingView.
The sale reflects a broader industry move as mining companies with existing power capacity shift resources toward AI and high-performance computing.
Core Scientific executives highlighted the solid performance of the company’s AI data center expansion program, reporting that by the time of the call, about 350 megawatts of capacity had been commissioned, with about 100 megawatts estimated.
Management said customer negotiations are ongoing among multiple large peers, with 500 megawatts currently under exclusive regulation and a pipeline of approximately 1.5 gigawatts of leased capacity tied to real development opportunities.
Management reiterated its strategy of promoting site readiness, securing long-term lead equipment and prioritizing credit-worthy tenants backed by guarantees from hyperscalers, chipmakers or other investment-grade partners.
The company expects colocation revenue to increase as additional megawatts move from construction to billing mode, supporting margin expansion over time.
