Core Scientific signs AI infrastructure deal with AMD
CORZ•Warrants and undisclosed financial terms
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.
Deal expands data center capacity for AI demand
Demand for electricity, land and data center facilities has surged as cloud providers and enterprises ramp up investments in AI infrastructure.
The deal provides AMD with more than 500 megawatts of U.S. data center capacity starting in 2027 with the ability to expand up to 2.5 gigawatts.
Core Scientific and AMD sign AI infrastructure deal
Core Scientific CORZ.O signed a deal with AMD AMD.O, 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 companies said on Tuesday.
Shares of Core Scientific rose 4% in premarket trading.
