Breaking News | AMD locks 2.5GW data center capacity via Core Scientific deal

AMD signed 15-year leases for 529 megawatts of U.S. datacenter capacity through Core Scientific, with rights to expand to 2.5 gigawatts by December 2028. The initial phase includes:

• 377 MW directly leased by AMD across sites in Texas and Oklahoma

• 152 MW leased by an unnamed cloud provider in Alabama and Georgia under AMD-supported agreements

• Capacity expected to come online in 2027 for AMD Instinct GPU and EPYC processor deployments

Core Scientific disclosed the partnership could generate more than $14 billion in base contracted revenue over the lease term. AMD received warrants to purchase up to 30 million Core Scientific shares at $23.47, with 6.5 million vesting immediately and remainder tied to additional capacity milestones. The deal accelerates Core Scientific's pivot from bitcoin mining to AI infrastructure hosting following its terminated ASIC agreement with Block.

• Timing and scale of capacity expansions through the Dec. 28, 2028 option window

• Identity of the unnamed cloud provider in the Alabama/Georgia sites

• Warrant vest schedules tied to additional capacity milestones

• Competitive responses from Nvidia or other chipmakers on bundled infrastructure offerings