Core Scientific has taken another major step in expanding its artificial intelligence business by securing a long-term infrastructure agreement with AI company Anthropic while simultaneously reducing its ownership in a separate AI-focused data center venture.
The latest moves highlight the company’s ongoing effort to diversify its operations beyond cryptocurrency mining and capitalize on growing demand for AI computing infrastructure.
Anthropic Signs 20-Year Infrastructure Lease
As part of the announcement, Core Scientific revealed that it has entered into a 20-year lease agreement with Anthropic to provide AI infrastructure services.
The long-term partnership is expected to support Anthropic’s computing needs over the coming decades, reflecting the increasing appetite among leading AI developers for large-scale, high-performance data center capacity.
The agreement also positions Core Scientific as a key infrastructure provider in the rapidly expanding artificial intelligence sector.
Majority Stake in AI Venture Sold
Alongside the Anthropic deal, Core Scientific confirmed it has sold its controlling interest in a separate artificial intelligence data center joint venture.
While the company is reducing its ownership in that specific project, the transaction forms part of a broader strategy to streamline operations and focus resources on long-term infrastructure opportunities.
AI Becomes a Bigger Growth Driver
The two transactions underscore the company’s evolving business model as it seeks to balance its traditional Bitcoin mining operations with the surging demand for AI-related services.
With technology companies investing heavily in advanced computing capabilities, operators of large-scale data centers are increasingly finding new revenue opportunities by supporting artificial intelligence workloads.
Positioning for Long-Term Expansion
The 20-year lease with Anthropic provides Core Scientific with a stable, long-duration commercial relationship, while the sale of its majority stake in the AI joint venture allows the company to reshape its investment portfolio.
Together, the decisions reflect Core Scientific’s ambition to establish itself as a major player in the AI infrastructure market, leveraging its existing expertise in high-performance computing and data center operations as demand for artificial intelligence continues to accelerate.
