Core Scientific to Sell Bitcoin for AI Transition, Shifting Focus From Mining
Published on March 3, 2026.
Core Scientific plans to sell Bitcoin for AI and high-performance computing, with most sales expected in the first quarter. The company's earnings call highlighted a transition from Bitcoin mining to colocation services. The move is part of a larger trend towards AI and higher-performance Computing, with companies such as Mara and Tether exploring ways to integrate digital assets and decentralise them. In South Korea, individuals are using cryptocurrency to fund intimidation tactics. Brazilian regulators have mandated that crypto exchanges separate their funds from clients' assets and adhere to bank-least policies. American Bitcoin, co-founded by Eric Trump and Donald Trump Jr., plans to increase mining capacity by 12% with the purchase. The Abu Dhabi Global Market has approved trading of Ondo Finance’s tokenized equities on Binance's regulated platform.
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