Core Scientific

Core Scientific is a company that operates data centers and provides high-performance computing infrastructure, primarily for artificial intelligence applications.

Why it’s in the news: It is in the news now due to a major deal with AMD to repurpose its data centers for AI, marking a strategic pivot away from its former focus on cryptocurrency mining.

Latest on Core Scientific

• AMD signs AI data center deal with Core Scientific
• Core Scientific lands AMD AI deal as bitcoin mining operation winds down
• Core Scientific pivots to AMD with 2.5GW AI data-centre pact months after CoreWeave deal collapsed
• The crypto-to-AI bandwagon jumpers' club just landed another member: Core Scientific
• The deal comes nine months after Core Scientific's shareholders rejected a roughly $9 billion takeover bid from CoreWeave
• now they're building out their entire fleet on AMD's terms, which means AMD controls the hardware refresh cycle, the upgrade path, and ultimately the customer lock-in
• AMD is seeking to reduce Nvidia's dominance in the artificial intelligence chip market through the partnership with the former bitcoin miner
• Core Scientific signed a data-centre agreement with AMD that could reach 2.5 gigawatts of capacity across the United States
• 13F: Onyxpoint Global Management Lp holds Core Scientific ($18M)

Connections

6 entities linked to Core Scientific across the news graph.