CoinDesk·3 min read·hard
Core Scientific lands AMD AI deal as bitcoin mining operation winds down
F
Francisco Rodrigues
✦AI Summary
Core Scientific has signed a major deal with AMD to repurpose its data centers for AI infrastructure, signaling a strategic shift away from bitcoin mining. The partnership includes significant capacity leases and stock warrants, reflecting the company's pivot toward high-growth AI computing.
The capacity is expected to support AMD customer deployments beginning in 2027. The agreements give AMD, under certain conditions, the right to reserve another 1,925 MW through Dec. 28, 2028, potentially expanding the partnership to roughly 2.5 gigawatts.
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