By Isaac • November 5, 2026 7:31 pm •
Core Scientific is preparing to shut down the last part of the business that once defined it.
The company plans to wind down Bitcoin self-mining by the end of 2026 as its AI-focused data-center operation becomes the clear center of gravity.
The numbers now describe a company that earns most of its money from high-density colocation and is steadily converting the infrastructure left behind by Bitcoin mining.
Core Scientific said colocation revenue reached $215.4 million in the third quarter, up nearly 60% from the previous quarter. The company was billing for 485 megawatts of capacity at the end of September.
That installed capacity represents more than $700 million in average annualized colocation revenue, according to the
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