Core Scientific sells 816 BTC, holds just 32 BTC as AI pivot accelerates

The former mining heavyweight offloaded 96% of its Bitcoin stack to fund its shift toward AI and high-performance computing data centers Core Scientific sold 816 BTC during the third quarter of 2026. That left the company with 32 BTC on its balance sheet as of September 30. The sale, disclosed in its Q3 2026 earnings report, represented 96% of the Bitcoin Core Scientific held. Management also confirmed on the earnings call that it plans to stop mining Bitcoin entirely by December 31, 2026. From thousands of coins to a few dozen The trajectory of Core Scientific’s (NASDAQ: CORZ) treasury tells the story better than any press release. At the end of 2025, the company held 2,537 BTC. Back in 2022, its holdings peaked at more than 9,600 BTC. Today, the count sits at 32. The balance sheet reflects the same slide. The value of digital assets the company carries fell to $2.7 million, down from $222 million at the end of the prior year. The mining operation itself is shrinking on a similar curve. By the end of September 2026, Core Scientific’s mining fleet was nearly 50% smaller than it had been at the close of 2025. The revenue mix has already flipped Core Scientific reported total Q3 2026...