Core Scientific Teams Up With AMD for Massive AI Expansion

Core Scientific just announced a significant deal with AMD to build out AI data centers. The plan kicks off with 500 megawatts of capacity starting in 2027. Both companies have an eye on long term growth, as the agreement includes options to scale that capacity up to 2.5 gigawatts.

This move signals a major pivot for the company as it looks beyond standard crypto mining. By committing to such a large amount of power for AI operations, Core Scientific is positioning itself as a core player in the heavy infrastructure needed to run modern artificial intelligence models.

The deal also includes warrants that allow AMD to buy shares of Core Scientific stock. Traders are watching this closely because it shows how mining firms are pivoting their business models to take advantage of the massive demand for computing power. Keep an eye on how this project progresses as the 2027 start date approaches.