Core Scientific lands AMD AI deal as bitcoin mining operation winds down
CoinDesk 2026-07-28 12:46:05
Context: Core Scientific, a company previously focused on bitcoin mining, has secured a deal with AMD to pivot its operations towards AI data centers. This move comes after the company terminated its ASIC agreement with Block. The partnership marks a significant shift in Core Scientific's business strategy.
Key Facts
- Core Scientific has entered into an agreement with AMD, a leading technology company, to support the expansion of its AI data center operations, marking a significant departure from its previous focus on bitcoin mining.
- The deal follows the termination of Core Scientific's ASIC agreement with Block, indicating a strategic shift in the company's operations and priorities.
- By partnering with AMD, Core Scientific aims to accelerate its transition into the AI data center space, leveraging AMD's technology to drive growth and innovation in this area.