BIST10013.501,55▼ -1.36%Fauci’s Diary: How China-US Rare Earth War Echoes in Chip SectorUSD/TRY47.6471▲ 0.20%MoonPay's Crypto Wallet Integration in Claude and ChatGPT: User Experience and Market ImplicationsEUR/TRY54.5429▲ 0.30%Ethereum's Leadership Shift: pcaversaccio Joins Board and Anvil's InitiativeBTC/USD$63,929.99▲ 0.47%US Borrowing Costs Hit 19-Year High: Fed's Decision's Impact on Global Supply ChainsGOLD6.252,25▲ 0.15%Ahbap Investigation: Hüseyin Başaran's Custody Statement Reveals 2.3 Billion TL Property SalesBRENT$90.40▼ -0.37%Flock Cameras Under Fire as Privacy Concerns Hit Capitol Hill Southeast Asia Seen as 'Hungry for Innovation' by SAP's New APAC President Verena SiowBIST10013.501,55▼ -1.36%Fauci’s Diary: How China-US Rare Earth War Echoes in Chip SectorUSD/TRY47.6471▲ 0.20%MoonPay's Crypto Wallet Integration in Claude and ChatGPT: User Experience and Market ImplicationsEUR/TRY54.5429▲ 0.30%Ethereum's Leadership Shift: pcaversaccio Joins Board and Anvil's InitiativeBTC/USD$63,929.99▲ 0.47%US Borrowing Costs Hit 19-Year High: Fed's Decision's Impact on Global Supply ChainsGOLD6.252,25▲ 0.15%Ahbap Investigation: Hüseyin Başaran's Custody Statement Reveals 2.3 Billion TL Property SalesBRENT$90.40▼ -0.37%Flock Cameras Under Fire as Privacy Concerns Hit Capitol Hill Southeast Asia Seen as 'Hungry for Innovation' by SAP's New APAC President Verena Siow

Global MarketsJuly 30, 2026 at 12:33 AM

AMD and Core Scientific's AI Data Center Partnership: $24 Billion Potential

724FinanceDefne Aydın

AMD and Core Scientific's AI Data Center Partnership: $24 Billion Potential

Core Scientific (NASDAQ: CORZ) has partnered with AMD on a 15-year, 529 megawatt AI capacity lease agreement. The deal could generate $14 billion in revenue for Core Scientific. The company is transitioning from Bitcoin mining to AI data center operations. CORZ stock has risen 50% in the last 12 months, while AMD has gained 185%. The partnership increases Core Scientific's leased capacity to 1.1 gigawatts, representing $24 billion in potential revenue. AMD secured warrants to purchase up to 30 million CORZ shares. Core Scientific currently holds 848 Bitcoin worth $49.7 million.

This collaboration accelerates the crypto sector's AI transformation. AMD's strategic move could impact Eurozone inflation and create new pressure points on U.S. tariffs.