CORE SCIENTIFIC

Core Scientific agreed 15-year deals tied to the AMD ecosystem covering about 530 megawatts across five sites—377 MW leased directly by AMD and 152 MW leased by a neocloud with protections for AMD—and the arrangement can expand to 2.5 GW. The contracts imply more than $14 billion of potential base revenue over 15 years and nearly double Core Scientific's leased customer power, validating shareholder concerns about the company's ability to attract major AI customers after rejecting a proposed ~$9 billion sale. However, the economic benefit remains uncertain given high construction and financing needs, existing debt, and potential dilution from warrants; execution and project funding will determine ultimate shareholder value. » More on finance.yahoo.com

Core Scientific shares rose about 4% premarket after several analyst upgrades highlighting the recent AI infrastructure deal with AMD. The agreement covers roughly 529 MW of critical IT capacity at five sites with 15-year leases and an option to expand up to 2.5 GW; management estimates contractually secured revenue potential of more than $24 billion. Core Scientific reported Q2 revenue growth of over 100% year-over-year, but adjusted EBITDA of $41.1 million missed consensus. In addition, Mark W. Adams was appointed to the board, Keefe Bruyette cut the stock to "Market Perform," and an insider sold shares on July 27. » More on de.investing.com

Core Scientific has appointed Mark W. Adams to its board of directors, expanding the board to seven members. Adams brings more than 30 years of experience in technology industries, most recently serving as CEO of Penguin Solutions (2020–2026) and previously holding leadership roles at Micron. He also sits on the boards of Seagate Technology and Cadence Design Systems and holds an MBA from Harvard University. Core Scientific operates high-density colocation facilities for AI workloads at 11 sites; the majority of revenue comes from these colocation services, with the remainder from mining and hosting digital assets. » More on de.investing.com