Bernstein says Core Scientific’s AMD partnership could generate $14B over 15 years
The Block·
60-second summary
Bernstein analysts value Core Scientific's partnership with AMD at $14 billion over 15 years, driven by AMD's significant financial commitment, including a $1.2 billion neocloud lease and warrants for 30 million CORZ shares. This deal highlights the growing importance of cloud computing in the cryptocurrency mining industry, with potential long-term implications for AMD's revenue growth and market share.
Bernstein values Core Scientific's AMD deal at $14B over 15 years, with AMD backstopping a neocloud lease and holding warrants for 30M CORZ shares.