AMD has signed a strategic agreement with Core Scientific to secure access to as much as 2.5 gigawatts of data centre capacity, strengthening its artificial intelligence infrastructure to meet rapidly growing demand for AI computing.
Following the announcement, shares of Core Scientific rose around 6% in premarket trading, while AMD’s stock declined 4%, reflecting broader weakness across the semiconductor sector.
As part of the agreement, AMD will receive market-priced warrants to purchase Core Scientific common stock, subject to agreed commercial conditions. The companies have not disclosed the financial value of the deal.
The partnership will initially provide AMD with access to more than 500 megawatts of AI-ready data centre capacity beginning in 2027, enabling customers to deploy large-scale artificial intelligence workloads. The capacity can later be expanded to a total of 2.5 gigawatts.
Core Scientific, which has been transitioning its business from cryptocurrency mining to hosting AI and high-performance computing infrastructure, will also collaborate with AMD on designing physical data centre infrastructure and deploying AMD’s AI chips and software platforms.
Mathew Hein, AMD’s Chief Strategy Officer for Corporate Development, said Core Scientific’s growing portfolio of AI-ready data centres will provide customers with the scalable infrastructure needed to deploy AMD’s artificial intelligence solutions more efficiently.
