Core Scientific signs AI infrastructure deal with AMD
Core Scientific has signed a deal with AMD under which the chip firm will secure up to 2.5 gigawatts of data center capacity to support customer deployments of its AI systems. The agreement provides AMD with more than 500 megawatts of U.S. data center capacity starting in 2027, with the ability to expand to 2.5 gigawatts. As part of the deal, AMD will also receive market-priced warrants to purchase Core Scientific common stock, subject to certain commercial conditions. Financial terms were not disclosed. Shares of Core Scientific rose 4% in premarket trading following the announcement. The deal reflects surging demand for electricity, land, and data center facilities as cloud providers and enterprises ramp up investments in AI infrastructure.
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