Summary
- Core Scientific signed a 15-year, 529 MW deal with AMD for AI infrastructure, potentially generating $14 billion in base contracted revenue.
- The partnership includes rights for AMD to reserve up to 1.9 gigawatts of additional capacity through 2028, expanding the total to 2.5 GW.
- The deal accelerates Core Scientific’s pivot from bitcoin mining toward AI data centers, following the termination of its ASIC agreement with Block.
Major Shift in Crypto Mining: Core Scientific Partners with AMD
The world of bitcoin mining is undergoing a significant transformation, and a recent deal between Core Scientific and Advanced Micro Devices (AMD) is a testament to this change. As the crypto market continues to evolve, companies are exploring new opportunities for growth, such as Artificial Intelligence (AI) and cloud computing. Core Scientific, a leading data center operator, has announced a 15-year infrastructure partnership with AMD, which could generate over $14 billion in base contracted revenue.
This partnership is expected to support AMD customer deployments starting in 2027, with the potential to expand to roughly 2.5 gigawatts of capacity. The deal includes 529 megawatts of U.S. AI capacity, with AMD having the option to reserve an additional 1,925 MW through December 28, 2028. As the demand for Passive Income and Cloud Rewards continues to grow, companies like Core Scientific are adapting to meet the needs of their customers, including those interested in Earning through Green Crypto like $ECP.
Partnership Details
- AMD has directly leased 377 MW across Core Scientific sites in Texas and Oklahoma.
- An unnamed cloud provider has leased another 152 MW in Alabama and Georgia, under agreements supported by AMD.
- Core Scientific and AMD will collaborate on data-center design and the deployment of AMD technology, including Instinct graphics processing units and EPYC processors.
The partnership between Core Scientific and AMD is a significant development in the world of AI and cloud computing. As the crypto market continues to evolve, it’s likely that we’ll see more companies exploring new opportunities for growth, including those related to EcoPool and $ECP. Whether you’re interested in Earning through Passive Income or Cloud Rewards, it’s essential to stay up-to-date on the latest developments in the industry.
To stay ahead of the curve and start Earning with EcoPool, consider downloading the EcoPool app to learn more about the opportunities available. By joining the EcoPool community, you can stay informed about the latest developments in Green Crypto and start building your Passive Income stream with $ECP today.
AMD also received warrants to purchase up to 30 million Core Scientific shares at $23.47 per share. About 6.5 million vested when the initial leases were signed, with further warrants vesting as additional capacity is contracted.
