Core Scientific says it has signed a data-center agreement with AMD to supply U.S. AI infrastructure starting in 2027. Multiple outlets report the arrangement initially covers more than 500 megawatts of capacity, with provisions to expand the commitment over time up to 2.5 gigawatts. The Block adds that the companies’ partnership is tied to Core Scientific’s AI pivot and includes financial terms that provide AMD warrants to buy Core Scientific (CORZ) stock. Quartz similarly emphasizes the capacity timeline and the expansion option, framing the agreement as AMD securing access to additional AI data-center power in the United States. The Next Web places the announcement in context of Core Scientific’s broader efforts to shift away from prior business models, noting that it follows a failed attempt to pursue a large transaction with CoreWeave. Across the reports, the core points are that Core Scientific and AMD are aligning on U.S. AI data-center capacity beginning in 2027, with scaling potential up to 2.5GW, and that the deal includes stock-related terms for AMD.
Core Scientific signs AMD deal for up to 2.5GW of U.S. AI data-center capacity
Core Scientific says it has signed a data-center agreement with AMD to supply U.S. AI infrastructure starting in 2027. Multiple outlets report the arrangement initially covers more than 500 megawatts...
- Core Scientific and AMD sign a data-center agreement for U.S. AI capacity starting in 2027.
- The agreement covers more than 500 megawatts initially.
- The commitment includes an option to expand up to 2.5 gigawatts.
- The Block reports AMD receives warrants to buy Core Scientific (CORZ) stock.
- The Next Web links the announcement to Core Scientific’s recent business restructuring after prior deal setbacks.
Nine months after its own shareholders torpedoed a roughly $9bn takeover by CoreWeave, Core Scientific has found a far larger partner in the chipmaker trying to loosen Nvidia’s grip on artificial intelligence. On Tuesday the former bitcoin miner said it had signed a data-centre agreement with AMD that could eventually reach 2.5 gigawatts of capacity across the American […] This story continues at The Next Web
3 hours agoCore Scientific and AMD partner on 500 MW of U.S. AI data-center capacity from 2027, scalable to 2.5 GW, with warrants to buy CORZ stock.
3 hours agoThe deal gives AMD access to more than 500 megawatts of U.S. capacity beginning in 2027, with the option to expand to 2.5 gigawatts
3 hours ago
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