Every Zipp story tagged #CoreScientific, newest first.
The 377MW direct lease plus 152MW AMD-backstopped neocloud line is the structural beat, while 30M warrants vesting only at full 2.5GW scale cap the upside.
VanEck says the premium investors are paying for AI-hosting miners is running ahead of actual delivered capacity, so execution and tenant quality now decide who keeps the multiple.
AMD takes more than 500MW of capacity starting 2027, scalable to 2.5GW, deepening Core Scientific's bitcoin-mining-to-AI pivot and stacking on the CoreWeave anchor.
The 529 MW anchor, plus 1.9 GW of AMD expansion rights through 2028, repositions Core Scientific as a 2.5 GW AI colocation platform and writes down the rest of its bitcoin mining thesis.
Miners have signed 19 hyperscaler deals worth $135B in two years, but only Core Scientific's CoreWeave contract clears the bar on returns. Cipher and TeraWulf sit at 4-5%.
The mid-June difficulty cut confirmed a thesis the floor argument never wanted to accept: Bitcoin can trade well below average cost and the network keeps running, with public miners dumping treasury…
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