Core Scientific Adds More Bitcoin To Balance Sheet in Q2 Despite Selling Strategy

Bitcoin Magazine

Core Scientific Adds More Bitcoin To Balance Sheet in Q2 Despite Selling Strategy

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.

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