Daily Market Updates: Bernstein estimates Core Scientific's AMD partnership could reach $14B

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Bernstein estimates Core Scientific's AMD partnership could reach $14B

The firm said AMD backs the neocloud lease and holds warrants for 30 million Core Scientific shares.

Reported · Written up by our desk · Market Structure

Bernstein estimates that Core Scientific's AMD partnership could generate about $14 billion in value over 15 years, according to The Block.

The valuation is tied to an arrangement in which AMD backs a neocloud lease and holds warrants for 30 million Core Scientific shares, The Block reported.

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Sources

The BlockBernstein says Core Scientific’s AMD partnership could generate $14B over 15 years

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Bernstein estimates Core Scientific's AMD partnership could reach $14B

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