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FinanceCore Scientific signs AI infrastructure deal with AMD, providing up to 2.5 GW data center capacity
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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.
Source report
Reuters Tue, July 28, 2026 at 4:08 AM PDT | 1 min read
Tickers: CORZ | AMD
July 28 (Reuters) – Core Scientific has signed a deal with AMD under which the chipmaker will secure up to 2.5 gigawatts of data center capacity to support customer deployments of its AI systems, the companies announced on Tuesday.
Shares of Core Scientific rose 4% in premarket trading.
The agreement comes amid surging demand for electricity, land, and data center facilities as cloud providers and enterprises accelerate investments in AI infrastructure.
Key details of the deal include:
- AMD will receive more than 500 megawatts of U.S. data center capacity starting in 2027, with the option to expand up to 2.5 gigawatts.
- As part of the agreement, AMD will also receive market-priced warrants to purchase Core Scientific common stock, subject to certain commercial conditions.
Financial terms of the deal were not disclosed.
(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Leroy Leo)
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Core Scientific signs AI infrastructure deal with AMD