Core Scientific Signed a 15-Year AMD Deal. One Revenue Split Shows What Happens to Bitcoin Mining Next

By Isaac • July 28, 2026 10:01 am •

Core Scientific spent years being valued as a Bitcoin miner.

Its latest quarter says that description is now badly out of date.

High-density colocation generated $136.7 million of the company’s $164.2 million in second-quarter revenue. That works out to roughly 83%.

Digital-asset self-mining contributed $21.5 million. Mining services for outside customers added another $6 million.

Bitcoin remains part of the business. It has moved from the center of the income statement to the edge.

Then came AMD.

Core Scientific announced 15-year infrastructure agreements covering roughly 530 megawatts across five U.S. sites. The company places the potential base contracted revenue above $14 billion.

The initial capacity is only the anchor. AMD and Core Scientific say the partnership