Core Scientific and AMD sign data center infrastructure deal
Core Scientific (NASDAQ: CORZ) and AMD (NASDAQ: AMD) announced a partnership under which AMD will secure data center capacity to support end customer deployments of AMD AI solutions, according to a press release from the companies.
Under the agreement, AMD will initially access more than 500 megawatts of U.S. infrastructure beginning in 2027, with the option to scale up to 2.5 gigawatts. The two companies will collaborate on physical infrastructure design and the deployment of AMD Instinct GPUs, EPYC CPUs, and ROCm software.
As part of the deal, AMD will receive market-priced warrants to purchase Core Scientific common stock, subject to certain commercial conditions.
Mathew Hein, senior vice president and chief strategy officer of corporate development at AMD, said in the statement: "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."
Adam Sullivan, chief executive officer of Core Scientific, said the company's "proven execution capabilities and ability to deliver high-density infrastructure at scale position us to support AMD's technology roadmap."
Core Scientific operates data center facilities across Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma, and Texas, primarily providing high-density colocation services for AI workloads.
