Core Scientific Partners With Chipmaker AMD On A.I. Data Centre

Core Scientific announced a long-term partnership with AMD to build and operate an AI data center, marking a major pivot away from Bitcoin mining toward AI infrastructure. AMD will lease 529 megawatts of U.S. AI capacity for 15 years, with Core Scientific saying the deal could produce more than $14 billion in revenue and lift its leased capacity to about 1.1 gigawatts, or over $24 billion in potential revenue. AMD also received warrants to buy up to 30 million Core Scientific shares at $23.47 each, signaling strategic alignment. The market appears to view the deal as highly material for Core Scientific’s growth and business mix, while AMD is gaining exposure to secure AI compute capacity. The article also notes Core Scientific’s existing Bitcoin holdings and the company’s continuing transition away from crypto mining.