Core Scientific Partners with AMD on AI Data Centre
Core Scientific, formerly known for Bitcoin mining, has partnered with chipmaker Advanced Micro Devices (AMD) to develop an artificial intelligence data centre. The agreement involves a long-term lease of 529 megawatts in U.S.-based capacity over 15 years, potentially generating more than $14 billion in revenue for Core Scientific. AMD will utilize compute power at facilities located in Texas and Oklahoma starting from 2027. As part of the deal, AMD has been granted warrants to purchase up to 30 million shares of Core Scientific at $23.47 each. The partnership is expected to enhance data centre design and deployment using AMD's microchips, processors, and software solutions. This collaboration marks a significant shift for Core Scientific as it moves away from Bitcoin mining toward AI infrastructure. The deal increases the company’s total leased customer capacity to approximately 1.1 gigawatts of compute power, with potential revenue exceeding $24 billion.
Topics: A.I. AMD Bitcoin Core Scientific data centers