Core Scientific to quit Bitcoin mining by year-end as AI business surges

Core Scientific plans to stop Bitcoin mining by the end of the year and become a pure-play data center provider in 2027. The former Bitcoin mining heavyweight's mining business now accounts for 7.5% of its quarterly revenue. A pure-play data center provider focuses solely on data-center operations rather than Bitcoin mining. The planned shift would leave data centers as Core Scientific's sole business line by 2027, the target year for the transition.