BlockBeats News, May 7th, Crypto mining firm Core Scientific (CORZ) reported a first-quarter loss of $347.2 million in 2026, sold 2,385 bitcoins (worth $208.3 million), and completed a $3.3 billion bond issuance to fund its transition to AI data center operations. The company stated that the proceeds from the Bitcoin sale were used to fund capital expenditures and other cash needs.

According to the company's released financial report, its total revenue was $115.2 million, with AI data center hosting revenue increasing from $8.6 million in the same period last year to $77.5 million, becoming Core Scientific's largest business line.

Meanwhile, impacted by a 45% decrease in Bitcoin mining volume and an 18% drop in the average Bitcoin price, the company's cryptocurrency mining revenue fell from $67.2 million to $30.1 million.