Nasdaq-listed Core Scientific has dumped almost 1,900 BTC as the Bitcoin miner transition to to artificial intelligence (AI). CORZ stock tanks almost 4% during pre-market hours on Tuesday, following a 2.83% fall to $16.49 a day before.
Bitcoin Miner Core Scientific Dumps Bitcoin Holdings
Core Scientific, a major Bitcoin mining company, recently sold approximately 1,900 BTC worth $175 million. This move comes as the firm accelerates its strategic pivot from Bitcoin mining to AI and high-performance computing (HPC) data center operations.
The sale occurred at an average price of about $92,100 per BTC. The sale helped the firm boost liquidity during the transition, according to the official announcement.
In the Q4 2025 earnings call, Core Scientific revealed it held 2,537 BTC valued at almost $222 million. After the recent sale, holdings dropped to below 1,000 BTC. The company’s management has described the sale as “opportunistic” and indicated plans to remain flexible with future BTC transactions.
Core Scientific plans to gradually sell all of BTC holdings in Q1 2026 to boost liquidity and fund capital expenditures tied to its AI colocation expansion. This comes despite many DATs including Strategy continued to increase BTC holdings despite the US-Iran war.
“We’re now past the halfway point on our existing builds and scaling our colocation platform into a 1.5 gigawatt pipeline of leasable capacity,” said CEO Adam Sullivan. “With a multi-geography footprint and proven execution, we’re accelerating RFS timelines across multiple sites to position the company for durable growth,” he added.
CORZ Stock Slumps
CORZ stock fell 4% during pre-market hours on Tuesday. Core Scientific shares closed 2.83% lower at $16.49 on Monday. Trading volume has exceeed average volume of 11 million amid volatility and uncertainty in the markets.
Crypto stocks such as MSTR and BMNR spiked more than 7% after the US ISM Manufacturing PMI came in higher than expected. Also, crypto stocks are holding firmer compared to other stocks.
Notably, many Bitcoin miners are pivoting to AI amid rising BTC mining difficulty and limited rewards. MARA stock jumped more than 15% as the company announced plans for a major joint venture with Starwood Capital Group to develop AI data centers.
Meanwhile, Bitcoin price has tumbled more than 3%, erasing almost all gains witnessed yesterday. Price is currently trading at $66,605 from a 24-hour high of $70,044. Trading volume stays higher at 40% over the last 24 hours, indicating interest among traders.
The total BTC futures open interest fell more than 2% to $43.76 billion in the last 4 hours, according to CoinGlass data. BTC futures OI on CME and Binance tumbled more than 8% and 4%, respectively.
