Core Sciences to exit Bitcoin mining by 2027 with AI data center business takeover Core Sciences plans to cease Bitcoin mining operations by December 2026, transitioning to a high-density collaboration provider focused on AI and HPC. The company's revenues from colocation jumped 58% from quarter to quarter to $215.4 million in the third quarter, and contributed to an overall increase in revenues of 42% to $232.9 million. Competition among Bitcoin miners is intensifying, and profitability pressures are evident as traditional mining operations face declining revenues and costs.