Core Scientific Partners With AMD for 500 MW AI Data Center Deal Scalable to 2.5 GW
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Core Scientific has entered into a partnership with AMD to develop 500 megawatts of AI data-center capacity in the U.S. starting in 2027, with the potential to scale up to 2.5 gigawatts. This agreement marks a significant shift for Core Scientific as it pivots from bitcoin mining operations toward AI data centers, following the termination of its ASIC agreement with Block.
The deal includes warrants for AMD to purchase Core Scientific's stock, further aligning the interests of both companies in this new venture. This strategic move is part of Core Scientific's broader strategy to adapt to changing market conditions and focus on emerging technologies in the AI sector.
Sources
Every quote below is verbatim from the article it is attributed to.
“AMD is securing up to 2.5 gigawatts of AI data center capacity from Core Scientific”
quartz — AMD is securing up to 2.5 gigawatts of AI data center capacity from Core Scientific“The agreement accelerates Core Scientific’s pivot from bitcoin mining toward AI data centers, following the termination of its ASIC agreement with Block.”
coindesk — Core Scientific lands AMD AI deal as bitcoin mining operation winds down
“Core Scientific and AMD partner on 500 MW of U.S. AI data-center capacity from 2027, scalable to 2.5 GW, with warrants to buy CORZ stock.”
the block — Core Scientific ties its AI pivot to AMD in multi-gigawatt infrastructure deal