AMD Capacity Deal Gives Core Scientific A 2.5GW AI Data-Centre Option
The Next Web reported that Core Scientific signed long-term leases with AMD and unnamed neocloud operators covering 529MW of initial AI data-centre capacity, with AMD options taking the partnership to 2.5GW.
Signed leases cover 529MW of Core Scientific’s headline 2.5GW partnership with AMD.
The remaining 1,925MW is an option the chipmaker can call through December 2028.
The Next Web reported that the initial package spans five sites and includes 377MW for AMD plus 152MW for unnamed neocloud operators.
Revenue is expected to begin in 2027, months after shareholders rejected a roughly $9bn CoreWeave takeover.
AMD Takes Capacity Across Five Southern Sites
Texas carries two of the named locations, at Pecos and Hunt County, while the other sites are in Oklahoma, Alabama and Georgia.
The agreement runs for 15 years and includes three five-year renewal options that could extend the relationship for three decades.
The agreement gives the chipmaker the right to call on as much as 1,925MW of additional capacity through December 2028.
That option is what takes the partnership from the initial 529MW lease package to the headline 2.5GW figure.
Its equity position also depends on delivered megawatts.
The warrant can cover 30 million shares in the operator at $23.47 each, with 12,222 shares vesting for every megawatt brought online and about 6.5 million shares vested when the leases were signed.
AMD Instinct And ROCm Run On Reserved Capacity
The capacity is intended to run AMD Instinct GPUs, EPYC processors and ROCm software.
That gives the chipmaker a route to place its hardware inside large AI facilities at a time when Nvidia still dominates high-end AI acceleration.
The operator put its resulting leased footprint at roughly 1.1GW and contracted revenue above $24bn after adding the new agreements.
Both totals measure contracted business.
The neocloud portion adds another financing layer.
The chipmaker has agreed to provide credit support if one of the smaller cloud tenants defaults, making the chipmaker partly responsible for keeping the ecosystem around its hardware bankable.
Core Scientific Keeps The Post-CoreWeave Bet Alive
The deal follows the failed sale to CoreWeave.
The Next Web reported that shareholders rejected the roughly $9bn all-stock transaction on October 30, arguing that it undervalued the operator's power and land assets.
The hosting company still runs CoreWeave GPUs under a separate arrangement worth several hundred megawatts.
The new transaction shifts the centre of the story from crypto-mining conversion to chip-linked capacity reservations, with equity upside tied to each megawatt that comes online.
Shares in the hosting company jumped as much as 10% on the news; the chipmaker fell more than 5%.
The signed leases cover 529MW; the remaining 1,925MW is an option available through December 2028.
