On March 4th, Bitcoin mining company Core Scientific disclosed that it is selling part of its Bitcoin reserves to fund its transition into artificial intelligence and high-performance computing (HPC) infrastructure. According to the company’s latest 10-K filing, between December 2025 and February 2026, it has sold a total of 1,924 Bitcoins, generating approximately $176 million in cash.
On-chain data platform Bitcoin Treasuries shows that Core Scientific still holds about 613 Bitcoins, worth around $42 million. Meanwhile, the company plans to transform its data center in Pecos, Texas, from traditional Bitcoin mining operations to a hosting facility to meet the growing demand for AI computing power.
Industry experts believe this adjustment reflects a shift in the business model of Bitcoin mining companies. As energy costs rise and mining profit margins decline, more miners are exploring new revenue streams such as data centers, AI hosting, and high-performance computing. Previously, several mining companies, including CleanSpark, Riot Platforms, and IREN, have initiated similar strategic transformations.
At the same time, the reduction of reserve assets by Bitcoin mining firms has prompted the market to reassess the sustainability of the “Digital Asset Treasury (DAT)” model. Another major miner, MARA Holdings, recently adjusted its asset strategy to allow the sale of Bitcoin on its balance sheet, indicating a significant change from its previous long-term HODL strategy.
Market analysts note that, in the context of Bitcoin’s failure to reach new all-time highs, some companies are placing greater emphasis on cash flow and capital efficiency. Currently, Bitcoin is priced at around $68,000, down about 11% over the past month and nearly 27% over the past three months.
However, not all companies are reducing their holdings. The publicly traded company Strategy (formerly MicroStrategy), which holds the largest Bitcoin position, continues to adhere to its long-term HODL strategy. Its founder, Michael Saylor, recently reiterated that the company is still buying Bitcoin. Nonetheless, the company’s CEO, Phong Le, previously acknowledged that in extreme market conditions, the company might theoretically sell some of its Bitcoin reserves to manage liquidity risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Vancouver Moves to Close Bitcoin Reserve Proposal After Legal Review
In brief
City staff have concluded the Vancouver Charter does not allow Bitcoin in city reserves.
The motion followed a late 2024 decree by Mayor Ken Sim to study crypto use.
Municipal finance rules keep assets like Bitcoin outside treasuries, Decrypt was told.
Vancouver staff have
Decrypt21m ago
US publicly traded company Hyperscale Data's Bitcoin holdings increase to over 610 coins, with a total market value of approximately $40 million
Hyperscale Data announced on March 7th that its Bitcoin holdings increased to 610.9188 coins, with a total market value of approximately $40 million. Subsidiary Sentinum holds 564.7252 Bitcoin, while another subsidiary ACG purchased 46.1935. The company's goal is to increase the value of its Bitcoin assets to $100 million.
GateNews48m ago
Construction Begins on Quantum Facility Capable of Breaking Bitcoin
The quantum computing race is edging closer to a commercially viable milestone, with PsiQuantum revealing progress toward a facility that could house a million qubits. The company, which has tied its plans to a collaboration with Nvidia, says the ambitious Chicago site will rely on advanced error-to
CryptoBreaking56m ago
XRP Holds $1.40 as Bitcoin Rally and ETF Inflows Lift Crypto Market
Key Insights
XRP maintained support above $1.40 as the broader market rebounded, while strong inflows into Bitcoin ETFs helped restore trading confidence.
Bitcoin surged beyond $74,000 alongside gains in major altcoins, lifting total crypto market value close to $2.45 trillion in one
CryptoFrontNews1h ago
Bitcoin mining company Cathedra Bitcoin and Sphere 3D reach a merger agreement, with combined operational capacity reaching 53 MW
Cathedra Bitcoin and Sphere 3D have reached a full stock transaction merger agreement. The new company after the merger will retain the Sphere 3D name and operate data centers in multiple states, with plans to expand operational capabilities and develop AI and high-performance computing services.
GateNews1h ago
New Yorkers can pay their mortgage with Bitcoin
New York City residents can now pay their mortgages using Bitcoin through the Strike platform, which has obtained the necessary licenses. This system streamlines transactions, lowers fees, and reduces the risks associated with price volatility, representing a major step forward in the integration of cryptocurrency into the real estate industry.
TapChiBitcoin2h ago
