# Core Scientific Plans to End Its Bitcoin Mining by Late 2026

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/50960
Published: 2026-11-07T17:14:00.000Z
Updated: 2026-11-07T17:14:00.000Z
Section: Business

> The company is also winding down mining hosting for outside customers. Total third-quarter revenue rose 187% year over year as mining revenue fell about 79%.

Core Scientific plans to end its own Bitcoin (BTC) mining by Dec. 31, 2026, and shift toward hosting computing workloads for artificial intelligence and high-performance computing (HPC).

From 2027, the Nasdaq-listed company plans to focus on high-density hosting for those workloads. It is also gradually ending mining-hosting services for third parties, expanding the transition beyond its own mining operations.

The shift covers two parts of the business: self-mining, where the company mines BTC itself, and hosting for outside mining customers. Its own production is set to stop by the close of 2026, while third-party hosting is being phased out gradually.

Quarterly results offer context for the planned change. Core Scientific's total revenue increased 187% year over year to $233 million, while mining revenue fell about 79%. That left the company reporting overall growth in the quarter as mining revenue contracted. Its next phase is dedicated to AI and HPC hosting beginning in 2027.