US Markets
Home›US Markets›M&A & Deals›Core Scientific and AMD expand data-center capacity vi…
Core Scientific and AMD expand data-center capacity via 15-year deals
The partnership starts in 2027, covering about 530 megawatts across five sites, with more than $14 billion of potential base contracted revenue.
Core Scientific said it has signed an infrastructure partnership with Advanced Micro Devices that is intended to give AMD access to more than 500 megawatts of U.S. data-center capacity starting in 2027. The arrangement can expand to 2.5 gigawatts, according to the company’s disclosure.
HousingWire reports the 15-year agreements cover approximately 530 megawatts across five sites, with more than $14 billion of potential base contracted revenue. In a regulatory filing, Core Scientific said AMD directly leased 377 megawatts, while an unnamed neocloud leased about 152 megawatts under agreements that include equipment protections and certain rights for AMD if the neocloud customer defaults.
The story also traces back to Core Scientific shareholders rejecting an all-stock acquisition by CoreWeave that was announced in July 2025. That proposal implied an equity value of about $9 billion based on the announcement-date share price, but the value at closing was not fixed and would have moved with CoreWeave’s stock.
In addition, the report notes that Trip Miller, a founder of Gullane Capital Partners who opposed the sale, had expected Core Scientific to announce AI deals with third parties other than CoreWeave. Core Scientific’s new AMD-linked capacity agreements, the report says, appear to address that diversification question, while the ultimate value of the capital-intensive opportunity remains uncertain.