On March 4th, Bitcoin mining company Core Scientific disclosed that it is selling part of its Bitcoin reserves to fund its transition into artificial intelligence and high-performance computing (HPC) infrastructure. According to the company’s latest 10-K filing, between December 2025 and February 2026, it has sold a total of 1,924 Bitcoins, generating approximately $176 million in cash.
On-chain data platform Bitcoin Treasuries shows that Core Scientific still holds about 613 Bitcoins, worth around $42 million. Meanwhile, the company plans to transform its data center in Pecos, Texas, from traditional Bitcoin mining operations to a hosting facility to meet the growing demand for AI computing power.
Industry experts believe this adjustment reflects a shift in the business model of Bitcoin mining companies. As energy costs rise and mining profit margins decline, more miners are exploring new revenue streams such as data centers, AI hosting, and high-performance computing. Previously, several mining companies, including CleanSpark, Riot Platforms, and IREN, have initiated similar strategic transformations.
At the same time, the reduction of reserve assets by Bitcoin mining firms has prompted the market to reassess the sustainability of the “Digital Asset Treasury (DAT)” model. Another major miner, MARA Holdings, recently adjusted its asset strategy to allow the sale of Bitcoin on its balance sheet, indicating a significant change from its previous long-term HODL strategy.
Market analysts note that, in the context of Bitcoin’s failure to reach new all-time highs, some companies are placing greater emphasis on cash flow and capital efficiency. Currently, Bitcoin is priced at around $68,000, down about 11% over the past month and nearly 27% over the past three months.
However, not all companies are reducing their holdings. The publicly traded company Strategy (formerly MicroStrategy), which holds the largest Bitcoin position, continues to adhere to its long-term HODL strategy. Its founder, Michael Saylor, recently reiterated that the company is still buying Bitcoin. Nonetheless, the company’s CEO, Phong Le, previously acknowledged that in extreme market conditions, the company might theoretically sell some of its Bitcoin reserves to manage liquidity risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Data: 155.22 BTC transferred from an anonymous address, worth approximately 11.09 million USD
ChainCatcher reports that, according to Arkham data, at 00:43, 155.22 BTC (worth approximately $11.09 million) was transferred from an anonymous address (starting with 1AkTDtK7...) to another anonymous address (starting with 1NErFWRW...).
GateNews1h ago
Bitcoin Poised for Next Leg Down as $73K Precedes Death Cross
Bitcoin is navigating a delicate chart landscape as traders weigh the risk of a protracted bear cycle against the possibility of a renewed bounce. After a March rally, market watchers say a sustained move higher will require a meaningful bullish catalyst to overcome persistent resistance and the wei
CryptoBreaking1h ago
Bitcoin Price Predictions Flip Bullish, But Ethereum Is Still Stuck
Predictors have turned bullish on Bitcoin's near-term price, suggesting a rise to $84,000 before a potential drop. However, analysts remain divided on sustainability, while sentiment for Ethereum is bearish, with expectations of a decline to $1,500.
Decrypt2h ago
Data: In the past 24 hours, the entire network has liquidated $339 million, with long positions liquidated at $182 million and short positions at $157 million.
ChainCatcher reports that, according to Coinglass data, the total liquidations across the entire network in the past 24 hours amounted to $339 million, with long positions liquidated at $182 million and short positions at $157 million. Among these, Bitcoin long positions were liquidated at $67.776 million, Bitcoin short positions at $69.678 million, Ethereum long positions at $38.385 million, and Ethereum short positions at $50.239 million.
GateNews2h ago
