AMD Secures 2.5 Gigawatts of Data Center Capacity Through Core Scientific Deal

On July 28, 2026, AMD signed an agreement with Core Scientific to secure up to 2.5 gigawatts of data center capacity, starting with 500 megawatts in 2027. The deal supports AMD's expansion into AI computing amid surging demand for AI infrastructure. While Core Scientific's stock rose 6% in premarket trading, AMD's stock fell 4%. AMD will also receive warrants to purchase Core Scientific stock, though financial terms remain undisclosed.

AMD data center capacity deal

• ▪AMD will gain access to more than 500 megawatts of Core Scientific's artificial intelligence-ready data center capacity starting in 2027
• ▪AMD signed an agreement with Core Scientific on July 28, 2026, to secure up to 2.5 gigawatts of data center capacity
• ▪Core Scientific is transitioning its business focus from cryptocurrency toward hosting artificial intelligence and high-performance computing workloads
• ▪Core Scientific will collaborate with AMD on physical infrastructure design and the deployment of AMD's chips and software

AI infrastructure demand surge

• ▪Demand for electricity, land, and data center facilities has surged due to expanding investments in artificial intelligence
• ▪Cloud providers and enterprises are ramping up investments in artificial intelligence infrastructure

Stock market reactions

• ▪AMD's stock fell 4% in premarket trading on July 28, 2026, tracking a broader decline among chipmakers
• ▪Shares of Core Scientific rose 6% in premarket trading following the announcement on July 28, 2026

Warrant-based financial structure

• ▪The specific financial terms of the agreement between AMD and Core Scientific were not publicly disclosed
• ▪AMD will receive market-priced warrants to purchase Core Scientific common stock under the agreement, subject to certain commercial conditions