AMD has partnered with Core Scientific to secure up to 2.5 gigawatts of US data center capacity, giving its customers access to infrastructure designed for deploying the chipmaker’s processors, graphics accelerators, and artificial intelligence software at scale.
The deal strengthens AMD’s effort to build a broader AI ecosystem while accelerating Core Scientific’s transition from cryptocurrency mining to high-density data center services. Here’s what happened.
TL;DR
- AMD will initially gain access to approximately 530 megawatts across five Core Scientific sites, with deployments beginning in 2027.
- The arrangement can expand by another 1,925 megawatts, taking the potential capacity to around 2.5 gigawatts.
- AMD also received warrants to purchase up to 30 million Core Scientific shares at an exercise price of $23.47 per share.
What Does The AMD And Core Scientific Partnership Include?
As per the announcement distributed through Business Wire, AMD and Core Scientific will collaborate on physical data center design and the deployment of AMD Instinct GPUs, EPYC CPUs, and ROCm software. The infrastructure will be used by model developers, cloud providers, and enterprises deploying AMD-powered AI systems.
The partnership begins with more than 500 megawatts of AI-ready US capacity becoming available in 2027. Reuters and Business Standard reported that the agreement can eventually scale to 2.5 gigawatts as demand for AI computing increases and access to power, land, and suitable data center facilities becomes more constrained.
“Core Scientific's extensive portfolio of AI-ready data centers expands access to the infrastructure our customers need to deploy AMD AI solutions at scale,” said Mathew Hein, AMD’s Senior Vice President and Chief Strategy Officer of Corporate Development.
Core Scientific CEO Adam Sullivan said the company’s experience delivering high-density infrastructure positioned it to support AMD’s product roadmap and expand the partnership over time.
What Did Core Scientific’s SEC Filing Reveal?
Core Scientific’s quarterly filing with the US Securities and Exchange Commission provided more detail than the initial announcement.
The filing shows that the partnership is anchored by 15-year leases covering approximately 529 megawatts of critical IT capacity across five locations. AMD directly leased 377 megawatts at facilities in Pecos and Hunt County, Texas, and Muskogee, Oklahoma, while an unnamed neocloud provider leased another 152 megawatts in Auburn, Alabama, and Dalton, Georgia.
Each lease includes three optional five-year extensions. AMD also secured a reservation right for an additional 1,925 megawatts under specified conditions through December 28, 2028, creating the pathway to the announced 2.5-gigawatt total.
Although Reuters said the companies did not disclose the overall financial value of the partnership, the SEC filing revealed an equity component. Core Scientific issued AMD a warrant to purchase as many as 30 million shares at $23.47 per share, with shares vesting according to deployed capacity. Around 6.5 million warrant shares became exercisable following the initial agreements.
Why Does The Deal Matter?
The agreement supports AMD’s attempt to offer more than AI processors alone. By pairing its Instinct accelerators, EPYC processors, and ROCm software with reserved infrastructure, AMD can help customers bring large AI deployments online without independently securing data center capacity.
Topics for more insights:
For Core Scientific, the deal reinforces its shift toward high-density colocation. Its SEC filing said colocation generated 77% of total revenue during the first half of 2026, compared with 12% a year earlier, while the company continues winding down its remaining mining operations.
Investors welcomed the announcement, with Reuters reporting that Core Scientific shares rose around 6% in premarket trading. AMD shares fell around 4%, alongside declines across other chipmakers.
