Core Scientific will complete its exit from bitcoin mining by year-end and enter 2027 as a pure-play high-density colocation provider, management said on Thursday’s third-quarter earnings call, capping a pivot that has already cut the company’s mining fleet nearly in half.

Chief Financial Officer Jim Nygaard told investors the company expects to “complete the wind-down during the fourth quarter.” Chief Executive Officer Adam Sullivan put the same end date more bluntly: “We expect to complete our exit from Bitcoin mining by year end.” The comments landed alongside a results release filed with the SEC that shows how far the shift has already gone.

Colocation revenue…

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