THE STREET · 2026-11-06 13:00 UTC

Two big U.S.-listed Bitcoin miners plan major exit for AI

Core Scientific's Bitcoin mining revenue fell to $12.3 million from $57.4 million a year earlier, while colocation revenue for AI workloads jumped to $215.4 million from $15 million. IREN's Bitcoin mining revenue fell to $28 million from $67 million in the prior quarter, while AI cloud revenue rose to $200 million from $71 million, with Microsoft now a customer. Bitcoin traded near $76,150 at press time, down about 5.3% over 24 hours, amid a tech selloff that liquidated nearly $1.08 billion in crypto positions.

Loading the story on Tree News…