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

CryptoInfo Editorial Team · Published on July 28, 2026 at 12:46 · Updated on July 29, 2026 · 1 min read

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Key Takeaways

→Core Scientific has landed an AMD AI deal to accelerate its pivot from bitcoin mining to AI data centers.
→The company terminated its ASIC agreement with Block as part of this shift.
→The AMD agreement marks a significant step in Core Scientific's new direction toward AI data centers.

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

Core Scientific has entered into an agreement with AMD for AI technology, as reported by CoinDesk. This deal accelerates the company's pivot from bitcoin mining toward AI data centers.

The shift away from bitcoin mining comes after Core Scientific terminated its ASIC agreement with Block. The company is now focusing on AI data centers, with the AMD agreement marking a significant step in this new direction.

In the context of Core Scientific's business, this pivot is a notable change. Core Scientific is a company involved in the blockchain and cryptocurrency space, and this move reflects its efforts to diversify and adapt to changing market conditions.

Source: CoinDesk ↗

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