Core Scientific's AI Pivot Gets AMD Backing - Advanced Micro Devices (NASDAQ:AMD), Core Scientific (NASDA

Core Scientific lands AMD AI deal as bitcoin mining operation winds down

Core Scientific and AMD sign 15-year deal for 529 MW AI capacity worth $14B base contracted revenue, with expansion option to 2.5 GW by 2028. The pivot from bitcoin mining to GPU colocation illustrates infrastructure operators repositioning capex toward AI compute as the dominant growth cycle driver.