Core Scientific to exit Bitcoin mining by year-end as AI data center business surges

The revenue mix is the real story here: mining at 7.5% of quarterly revenue means the pivot is less a strategic bet than a recognition of where the business already is. For the Bitcoin mining sector, this adds to a visible pattern of hashpower operators repricing their power and land assets against AI and HPC hosting demand, which affects miners competing for the same sites and the hosting customers weighing concentration risk. Whether other operators with dual-use infrastructure follow the same path is the open question, along with how the AI hosting backlog holds up as the mining exit is completed.