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Core Scientific dumps bitcoin to fund AI shift
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Core Scientific dumps bitcoin to fund AI shift
Core Scientific sold 2,385 BTC for $208.3 million in Q1 to fund capital expenditure tied to its AI pivot.Colocation revenue surged to $77.5 million while mining revenue fell to $30.1 million, making AI its largest business line.The company reported a $347.2 million net loss, driven primarily by $266.5 million in non-cash impairment charges on mining assets.
2026-05-07 Source:crypto.news
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