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Core Scientific to wind down bitcoin mining, pivots to AMD AI chip hosting

The mining operator, long a major BTC producer, is exiting the business and repurposing its infrastructure to host high-end AI processors for AMD customers—a stark signal that utility-scale bitcoin mining economics no longer compete with AI compute demand.

RECORDED 2026-07-28 · 22:30 UTC
Reported by CoinDesk
RECORD BTC-AED4556C · WRITTEN ONCE
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