Overview
- Core Scientific disclosed it sold just over 1,900 BTC in January for about $175 million at roughly $92,000 per coin and now holds under 1,000 BTC.
- The company says it expects to monetize substantially all remaining bitcoin in 2026, largely in the first quarter, to bolster liquidity and finance AI/HPC capital expenditures.
- Q4 2025 results missed forecasts with $79.8 million in revenue versus $122.08 million expected and a $0.42 loss per share, as self-mining revenue fell to $42.2 million on a 57% drop in BTC mined.
- Colocation revenue surged 268% to $31.3 million, and management detailed a 1.5 GW pipeline including a new ~430 MW Texas site and roughly 300 MW of added capacity across other regions.
- The company said it overstated property, plant and equipment and will restate prior filings, while noting the changes do not affect revenue, adjusted EBITDA, or net cash flows; year-end liquidity was about $533 million.