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Core Scientific signs AMD AI infrastructure hosting deal starting in 2027 with about 530 megawatts

AI Market Summary
Core Scientific signed a long-dated AI infrastructure hosting agreement with AMD, providing ~530MW of high-density colocation from 2027 with potential expansion to 2.5GW. The structure includes AMD warrants for up to 30M CORZ shares that vest as capacity is delivered, aligning execution incentives. The deal strengthens AMD's downstream deployment capacity for Instinct/EPYC platforms and supports Core Scientific's shift from crypto mining to contracted AI datacenter services.
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● Medium
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▲ Bullish
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Core Scientific has signed an AI infrastructure hosting agreement with AMD, with initial capacity of about 530 megawatts that is expected to generate more than $14 billion in revenue for Core Scientific. Core Scientific will issue AMD 30 million warrants with an exercise price of $23.47, vesting in stages tied to the rollout of hosted capacity. The partnership strengthens AMD’s downstream compute deployment assurance for its AI chips and is positioned as a key commercial step in its AI strategy.