Core Scientific to quit Bitcoin mining by year-end as AI business surges

Key points

• Core Scientific plans to completely exit Bitcoin mining by the end of the year as it pivots toward becoming a pure-play data center provider by 2027.
• The former mining giant is shifting its operational focus following a surge in its artificial intelligence business, with cryptocurrency mining now accounting for only 7.5% of its quarterly revenue.

Summarized automatically by Kryptokite from reporting by Cointelegraph. Read the original sources for full detail.