Core Scientific shifts focus to AI with new AMD deal

Core Scientific has secured a major partnership with AMD to provide data center services. This move marks a significant change for the company as it scales back its traditional bitcoin mining operations.

This shift follows the end of a previous hardware contract with Block. By pivoting toward artificial intelligence infrastructure, the firm is trying to capture more value from its physical facilities.

Investors are watching to see if this pivot can produce steadier revenue compared to the volatile nature of crypto mining. The company is actively repurposing its sites to support the growing demand for computing power used in modern tech.