Nasdaq-listed miner Core Scientific is rebuilding its Bitcoin treasury after seeing its balance sheet shrink at the start of this year.
In a regulatory filing Tuesday, the miner said it had a total of 848 Bitcoins — worth over $54 million at today’s prices — after finishing the first quarter of this year with 547 Bitcoins.
Core Scientific finished 2025 with 2,537 but started aggressively selling coins to fund its transition to the AI and high-powered computing industry.
But the miner has started stacking Bitcoin again, using coins from mining, in order to have a strong balance sheet. It added 301 coins this quarter alone.
Selling Bitcoins can reduce reliance on equity issuance or additional borrowing, especially in a higher-interest rate environment. It also gives a company more cash on hand.
Core Scientific shares (CORZ) were trading about 2% lower Tuesday afternoon in New York.
The company, which operates data centers across Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma, and Texas, added that its revenue in the second quarter of this year rose sharply to $164.2 million from $78.6 million in Q2 2025.
Gross profit rose to $70 million from $5 million in the same period as the year before.
Core Scientific is one of a number of top publicly listed miners that have started directing resources to providing the infrastructure for high-powered computing.
On Tuesday, the miner signed a deal with chipmaker AMD for 2.5 gigawatts of data center capacity. The deal will give AMD access to more than 500 megawatts of Core Scientific’s AI-ready data center capacity.
A number of Bitcoin miners have already gone all-in on the industry as minting the biggest digital coin by market cap becomes harder and demand for AI compute surges.
Instead of dropping mining operations completely, a number of Bitcoin miners have instead marketed themselves as “compute” or “digital infrastructure” companies while switching between minting digital coins and providing compute for AI — depending on which is more profitable.
Branching out into AI data centers isn’t always easy for miners as the world of HPC requires more expertise with heating, ventilation and air conditioning systems than those for Bitcoin mining.
