Core Scientific Sells $175M in Bitcoin (BTC) to Fuel AI Infrastructure Expansion

Bitcoin miner Core Scientific has sold approximately $175 million worth of Bitcoin (BTC) in June, according to a recent production update. The company offloaded 2,738 BTC, retaining a treasury of 1,959 BTC. This strategic move is directly linked to funding its ongoing pivot towards high-performance computing (HPC) for artificial intelligence (AI). Core Scientific is actively expanding its data center infrastructure to meet the growing demand for AI workloads. The firm views this diversification as a key driver for future revenue growth and operational resilience, balancing its core bitcoin mining operations with new, high-margin AI services. The market is closely watching how major mining companies like Core Scientific adapt their business models in the evolving digital asset and tech landscape.