Core Scientific (CORZ) to Exit Bitcoin Mining by Year-End as Colocation Hits $215 Million

- Core Scientific is finally kicking the Bitcoin mining habit, swapping hash power for AI colocation like a meat wallet upgrading from a dial-up modem to fiber. Self-mining revenue tanked 79% while colocation hit $215 million, proving that renting out server space is far more profitable than gambling on block rewards. They’re winding down by year-end to enter 2027 as a pure-play data landlord, with AMD-backed deals promising $1.8 billion in annual run-rate once fully delivered. It’s a classic pivot: stop chasing crypto moonshots and start charging rent for the infrastructure that actually runs the future. Aggressive passive income, indeed. Just ensure the power grid doesn’t melt before those GPUs arrive.