Core Scientific (CORZ), a bitcoin mining and digital infrastructure company, sold just over 1,900 bitcoins in January for approximately $175 million, according to the CORZ Q4 earnings call.
The sale implies an average price of about $92,100 per BTC, about 35% higher than today’s $67,000 current price, as it accelerates the shift towards AI-focused data center operations.
Chief Financial Officer Jim Nygaard said on the Q4 call that the company “we also opportunistically sold a little over 1,900 bitcoin for approximately $175 million,” adding, “currently we have under 1,000 bitcoin and expect to remain opportunistic going forward.”
As of December 31, 2025, the company had 2,537 BTC with the latest sale bringing its tally 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 in runoff,” with operations primarily maintained to meet minimum power consumption requirements while older sites are converted into colocation facilities that support AI and high-performance computing workloads.
Core Scientific ended the year with approximately $530 million in cash and highlighted up to $4 billion in potential funding tied to its 590 megawatt CoreWeave contract upon stabilization, underscoring that the BTC sale is being used to fund AI infrastructure expansion rather than rebuilding mining capacity.
Core Scientific missed expectations for the fourth quarter, reporting $79.8 million in revenue versus the $122.08 million consensus and a loss of $0.42 per share, compared with estimates for a loss of $0.08.
The shift reflects a broader industry pivot away from pure bitcoin mining toward artificial intelligence and data center infrastructure, with MARA Holdings ( MARA ) striking a deal with investment firm Starwood, Riot Platforms ( RIOT ) selling around $200 million in bitcoin in the final two months of 2025, and both Cipher Digital ( CIFR ) and Bitfarms highlighting exposure to HP ( CIFR ) and Bitfarms.
