Bitcoin Miner Dumps Entire BTC Reserve To Fund AI Push

Core Scientific plans to sell nearly all of its 2,500 Bitcoin (BTC) holdings in the first quarter of 2026 to fund its expansion into AI infrastructure. In its annual report, the Nasdaq-listed Bitcoin miner said it expects to monetize “substantially all” of its BTC reserves, subject to market conditions and liquidity needs.

As of December 31, 2025, Core Scientific held 2,537 BTC valued at roughly $222 million. The company built that position throughout 2025, increasing its treasury nearly tenfold from just 256 BTC a year earlier. All of the holdings were generated through self-mining operations.

From Holding To Selling

Indeed, throughout 2025, Core Scientific largely avoided selling mined Bitcoin, even as it committed capital to high-density colocation projects aimed at AI and compute-heavy workloads. Instead of using BTC sales to fund operations, the company accumulated reserves. That strategy is now reversing.

According to a report on March 3, Core Scientific stated in its earnings call that it expects most of the sales to occur during Q1 2026, with over 1,900 BTC already sold in January for approximately $175 million, suggesting an average sale price of about $92,100 per coin. As CFO Jim Nygaard said:

“We […] opportunistically sold just over 1,900 Bitcoin for approximately $175 million in January at materially higher prices above current market levels. At this time, we hold under 1,000 Bitcoin and expect to remain opportunistic going forward.”

The proceeds are intended to strengthen liquidity and finance capital expenditures tied to its AI pivot.

Part Of A Broader Miner Shift

Core Scientific is not alone. Several publicly traded mining companies have moved toward more aggressive monetization strategies as they reposition around AI and high-performance computing.

Cango recently sold thousands of Bitcoin to reduce leverage and support its AI transition. Bitdeer reduced its Bitcoin treasury to zero. Riot Platforms disclosed accelerating BTC sales in the final months of 2025 to support operations and expansion.

The pattern clearly indicates that some miners are prioritizing balance sheet flexibility and AI infrastructure over long-term Bitcoin treasury accumulation.

For investors, the move signals a strategic shift. Instead of holding Bitcoin as a core treasury asset, Core Scientific is treating it as working capital to accelerate its AI colocation ambitions.

The scale of the planned sale, roughly $200 million worth of BTC, makes it one of the more notable miner treasury drawdowns heading into 2026.

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