Core Scientific Partners with AMD on 500MW-Plus Data Center Deal Starting 2027

CORZ-1.44%
AMD-7.49%
According to an announcement on Tuesday, Core Scientific and AMD agreed to a partnership securing more than 500 megawatts of U.S. data-center capacity starting in 2027, with the ability to scale up to 2.5 gigawatts. The collaboration covers physical infrastructure design and deployment of AMD Instinct GPUs, EPYC CPUs and ROCm software for AI workloads. AMD will receive market-priced warrants to purchase Core Scientific common stock (CORZ) subject to certain commercial conditions. CORZ shares rose roughly 3% in pre-market trading following the announcement.
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