Core Scientific said it plans to sell its entire bitcoin holding of 2,537 BTC, worth about $170 million at current prices.
The miner said in its annual report that the proceeds will be used to improve liquidity and support its artificial intelligence strategy.
Sale timeline and treasury details
Core Scientific said it expects to sell most of its bitcoin reserves by the end of the first quarter, with timing and volumes dependent on market conditions.
At the end of 2025, the company held 2,537 BTC valued at $222 million at the time, with an average cost basis of $101,639 per coin.
By the end of 2024, it held 256 BTC.
The company said all of its bitcoin was acquired through mining.
Mining revenue down, colocation up
Core Scientific reported fourth-quarter mining revenue of $42.2 million.
Total Q4 revenue fell to $79.8 million from $94.9 million a year earlier.
It said revenue from leasing computing infrastructure more than tripled over the year to $31.3 million, up from $8.5 million in 2024.
CEO Adam Sullivan said:
“We are already halfway through our current projects and are expanding our colocation platform to a 1.5 GW pipeline ready for lease.”
Gross profit for the quarter rose to $20.8 million from $4.8 million in 2024, while adjusted EBITDA remained negative at -$42.7 million.
The company reported year-end liquidity of $533.4 million.
Riot’s AI-driven results and legal settlement
Riot Platforms reported record 2025 revenue of $647.4 million, up from $376.7 million.
Riot mined 5,686 BTC versus 4,828 BTC a year earlier, and said its mining cost rose to $49,645 per bitcoin.
The company said it holds more than 18,000 BTC, alongside a broader list of public miner bitcoin treasuries.
Riot also settled a dispute with SBI Crypto for $20 million in cash.
SBI had initially sought more than $175 million plus additional claims that later reached $350 million, which the court rejected.
Riot CEO Jason Les said:
“By leveraging our nearly 2 GW energy portfolio for high-demand data center infrastructure, we are creating value for shareholders.”
