Update
Core Scientific to Exit Bitcoin Mining by Year-End
Core Scientific, a bitcoin mining company, will exit the bitcoin mining sector by the end of the year and transition into a pure-play high-density colocation provider. Colocation revenue increased by nearly 60% to $215.4 million in the quarter ended September 30, while self-mining revenue declined to $12.3 million from $57.4 million a year earlier. The company expects to complete the wind-down of its mining fleet during the fourth quarter.