Core Scientific Liquidates Bitcoin as $14B AMD Deal Lands

['Kathleen Kinder', 'Written By', 'Reviewed By', 'Barry Elad', 'Kathleen Kinder Brings Over Years Of Experience In The Research Industry', 'With Deep Expertise In Finance', 'Cryptocurrency', 'Insurance. At Coinlaw', 'She Writes Timely', 'Reader-Focused News Articles'] CoinLaw 2026-07-28 19:41:52

Core Scientific, Inc. (Nasdaq: CORZ) filed its Form 10-Q on July 28, 2026, disclosing bitcoin holdings falling to 848 BTC. Core Scientific cut bitcoin mining output by 53% in Q2 2026 compared to a year earlier, as average bitcoin price fell 27%. The shift away from bitcoin mining shows up clearly in the filing, according to Core Scientific’s own SEC Form 10-Q disclosures. This pattern tracks against Global Crypto Adoption Data, per Core Scientific’s own filing. CoinLaw’s TakeawayReading the bitcoin figure alone misses what Core Scientific’s Q2 2026 filing shows.