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Core Scientific, Once the Largest Bitcoin Miner, Plans to Fully Shut Down Bitcoin Mining by Q4 2026 Core Scientific, once the world's largest Bitcoin mining company, announced…

Wu Blockchain
Published: 2026-11-05 18:08 UTC
Collected: 2026-11-05 20:23 UTC
Original language: Not supplied by source

Original source excerpt

Core Scientific, Once the Largest Bitcoin Miner, Plans to Fully Shut Down Bitcoin Mining by Q4 2026 Core Scientific, once the world's largest Bitcoin mining company, announced during its Q3 earnings call that it is accelerating the phase-out of its proprietary Bitcoin mining operations. The number of active miners on its network has dropped by nearly 50% compared to the end of 2025, with plans to completely shut down its mining business in Q4 2026 and operate purely as a high-performance computing (HPC) colocation provider starting in 2027. In Q3, the company's colocation revenue reached $215 million (up nearly 60% quarter-over-quarter), and its EBITDA margin expanded to 57%.

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