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08/05/26 06:21 UTC-04

Bitcoin Mining Company Core Scientific Announces Bitcoin Sales

Core Scientific announced its financial results for the first quarter of 2026. According to the company, it sold 2,385 Bitcoin during the period, generating approximately $208.3 million in revenue. However, the company also reported a net loss of $347.2 million for the same quarter.

A significant portion of the losses consisted of $266.5 million in impairment charges related to mining equipment and associated assets. The company stated that these measures were taken to finance its transformation toward building artificial intelligence data centers.

Core Scientific also announced the completion of a $3.3 billion secured bond issuance with a 7.75% interest rate to support data center investments and refinance approximately $1 billion in debt. Artificial intelligence infrastructure has recently become the core of the company’s growth strategy.

In particular, a long-term agreement with CoreWeave, expanding capacity to 590 megawatts, is expected to generate approximately $10.2 billion in revenue over the next 12 years. In the first quarter, revenue from hosting high-performance AI applications reached $77.5 million, while revenue from traditional Bitcoin mining operations remained at $30.1 million.

As a result, the company’s AI hosting business generated more revenue than its mining operations. According to available data, Core Scientific currently operates 10 data centers with a combined capacity of approximately 1.9 gigawatts.The company’s total liquidity, including cash and Bitcoin holdings, stood at approximately $1.04 billion at the end of the quarter.

See also: "US Senate Will Not Advance the CLARITY Act Without Banning Officials’ Ties to the Industry — Media"

#Bitcoin (BTC) #Mining #Sell

Editor: Alyona Nabok
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