AMD signs AI data center deal with Core Scientific

AMD signs AI data center deal with Core Scientific Reuters Tue, July 28, 2026 at 1:08 PM GMT+2 1 min read CORZ AMD July 28 (Reuters) - AMD on Tuesday signed a deal with Core Scientific to secure up to ‌2. 5 gigawatts of data center capacity as ‌the chip firm expands infrastructure to meet growing demand for AI ​computing. Shares of Core Scientific jumped 6% in premarket trading, while AMD's stock was down 4%, tracking other chipmakers.

Demand for electricity, land and data center facilities has surged as ‌cloud providers and ⁠enterprises ramp up investments in AI infrastructure. Under the deal, AMD will receive market-priced warrants ⁠to purchase Core Scientific common stock, subject to certain commercial conditions. Financial terms of the deal were not disclosed.

The ​partnership gives ​AMD access to more ​than 500 megawatts of ‌Core Scientific's AI-ready data center capacity starting in 2027, which the chip maker's customers can use to deploy artificial intelligence systems. This capacity can be expanded to 2. 5 gigawatts.

Core Scientific, which has been shifting from crypto ‌toward hosting AI and high-performance ​computing workloads, will also work ​with AMD on ​physical infrastructure design and the deployment of ‌AMD's chips and software. "Core Scientific's ​extensive portfolio of ​AI-ready data centers expands access to the infrastructure our customers need to deploy AMD AI solutions ​at scale," said ‌Mathew Hein, chief strategy officer of corporate development ​at AMD.