Core Scientific lands AMD AI deal as bitcoin mining operation winds down
The agreement accelerates Core Scientific’s pivot from bitcoin mining toward AI data centers, following the termination of its ASIC agreement with Block.
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Summary
- Core Scientific signed a 15-year, 529 MW deal with AMD for AI infrastructure, potentially generating $14 billion in base contracted revenue.
- The partnership includes rights for AMD to reserve up to 1.9 gigawatts of additional capacity through 2028, expanding the total to 2.5 GW.
- The deal accelerates Core Scientific’s pivot from bitcoin mining toward AI data centers, following the termination of its ASIC agreement with Block.
