AMD and Core Scientific Secure 2.5 GW AI Data Center Capacity Deal

AMD has signed a partnership agreement with Core Scientific to secure up to 2.5 gigawatts of data center capacity to meet growing demand for AI computing. Under the deal, AMD will gain access to an average of 500 megawatts of Core Scientific's AI-ready data center capacity starting in 2027, which can be expanded to 2.5 gigawatts. Core Scientific, which has shifted from crypto to hosting AI and high-performance computing workloads, will also collaborate with AMD on physical infrastructure design and the deployment of AMD's chips and software. Shares of Core Scientific jumped 6% in premarket trading, while AMD's stock fell 4%. This development highlights the rising demand for data center facilities as cloud providers and enterprises ramp up investments in AI infrastructure.

The agreement underscores AMD's strategy to expand its AI solutions by leveraging Core Scientific's infrastructure, signaling a competitive move in the data center sector.