On March 4th, Bitcoin mining company Core Scientific disclosed that it is selling part of its Bitcoin reserves to fund its transition into artificial intelligence and high-performance computing (HPC) infrastructure. According to the company’s latest 10-K filing, between December 2025 and February 2026, it has sold a total of 1,924 Bitcoins, generating approximately $176 million in cash.
On-chain data platform Bitcoin Treasuries shows that Core Scientific still holds about 613 Bitcoins, worth around $42 million. Meanwhile, the company plans to transform its data center in Pecos, Texas, from traditional Bitcoin mining operations to a hosting facility to meet the growing demand for AI computing power.
Industry experts believe this adjustment reflects a shift in the business model of Bitcoin mining companies. As energy costs rise and mining profit margins decline, more miners are exploring new revenue streams such as data centers, AI hosting, and high-performance computing. Previously, several mining companies, including CleanSpark, Riot Platforms, and IREN, have initiated similar strategic transformations.
At the same time, the reduction of reserve assets by Bitcoin mining firms has prompted the market to reassess the sustainability of the “Digital Asset Treasury (DAT)” model. Another major miner, MARA Holdings, recently adjusted its asset strategy to allow the sale of Bitcoin on its balance sheet, indicating a significant change from its previous long-term HODL strategy.
Market analysts note that, in the context of Bitcoin’s failure to reach new all-time highs, some companies are placing greater emphasis on cash flow and capital efficiency. Currently, Bitcoin is priced at around $68,000, down about 11% over the past month and nearly 27% over the past three months.
However, not all companies are reducing their holdings. The publicly traded company Strategy (formerly MicroStrategy), which holds the largest Bitcoin position, continues to adhere to its long-term HODL strategy. Its founder, Michael Saylor, recently reiterated that the company is still buying Bitcoin. Nonetheless, the company’s CEO, Phong Le, previously acknowledged that in extreme market conditions, the company might theoretically sell some of its Bitcoin reserves to manage liquidity risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Adam Back: Bitcoin’s quantum threat is still far off, but the migration window has already opened
Blockstream CEO Adam Back said in an interview that quantum computers have not yet threatened the Bitcoin network, but the industry needs to prepare in advance by migrating keys to a quantum-resistant format. He mentioned that his research team is pushing forward on related work; post-quantum cryptography has already entered the implementation stage. The challenge faced is how to complete the migration in an orderly way.
GateNews24m ago
BTC up 0.78% in 15 minutes: leveraged capital moves in and spot buy pressure converges to drive the rally
From 2026-04-08 13:00 to 13:15 (UTC), the BTC price recorded a +0.78% return. The price fluctuated between 72067.5 and 72789.2 USDT, with a range amplitude of 1.00%. During this period, market volatility exceeded the usual levels of the same timeframe, trading activity rose noticeably, and overall market attention increased.
The main driving force behind this unusual move was the concentrated inflow of leveraged funds into the futures market. Within the event window, BTC futures open interest (OI) increased by 8.09% in a single day. Spot and derivatives market trading volume rose 12% month-over-month compared with the previous hour, indicating
GateNews39m ago
Iran to Implement Bitcoin Payment for Tanker Transit Tolls
Gate News message, according to the Financial Times, Hosseini stated that Iran will charge tanker transit tolls in Bitcoin. This marks a shift in the country's payment methods for maritime transit fees.
GateNews49m ago
Cango discloses selling 2,000 BTC in March, and its Bitcoin holdings drop to 1,025.69 BTC
Gate News , April 8, U.S.-listed Bitcoin miner Cango released a March operational update report. The report shows that in March, the company produced 27.98 BTC from self-mining and completed a strategic sale of 2,000 bitcoins, with the proceeds used to repay BTC-backed loans. As of the end of March, the company’s outstanding Bitcoin-backed loan total was $30.6 million, and its Bitcoin reserves fell to 1,025.69 BTC.
GateNews1h ago
Bitcoin ETF Sees Bank-Level Players: A Deep Dive into Morgan Stanley MSBT Listing
Morgan Stanley Bitcoin Spot ETF (MSBT) began trading on the NYSE Arca on April 8, becoming the first large commercial bank in the U.S. to launch a Bitcoin ETF. The 0.14% fee rate set a new market low record.
InstantTrends1h ago
