Core Scientific Pivots to AI as AMD Secures 2.5 GW Capacity

The partnership will see Core Scientific and AMD collaborate on the physical infrastructure required to host high-density computing workloads. Planned deployments are set to utilize AMD’s Instinct GPUs, EPYC processors, and the ROCm software platform. While the companies withheld specific financial terms, the agreement grants AMD market-priced warrants to acquire Core Scientific common stock, potentially diluting current holdings depending on future commercial milestones.

This contract underscores an industry-wide scramble among publicly traded crypto miners—including MARA, TeraWulf, and IREN—to repurpose energy-intensive sites for the lucrative AI cloud sector. For Core Scientific, the move represents a strategic departure from its original business model; the company previously liquidated a portion of its Bitcoin treasury to finance this infrastructure transition. Investors reacted with skepticism to the news, as CORZ shares reversed a 5% premarket gain to close lower, signaling concerns over the capital expenditure and long-term execution risks inherent in such a massive facility conversion.