Core Scientific partners with AMD for 500 megawatts data-center deal

Core Scientific and AMD have formed a partnership where AMD will secure over 500 megawatts of U.S. data-center capacity starting in 2027, with potential to scale up to 2.5 gigawatts. The agreement includes collaboration on infrastructure design and deployment of AMD Instinct GPUs, EPYC CPUs, and ROCm software for AI workloads. AMD will also receive market-priced warrants to purchase Core Scientific common stock, subject to certain conditions. This deal marks a significant shift for Core Scientific from bitcoin mining to AI colocation, a transition the company is accelerating through 2026. Core Scientific plans to monetize nearly all of its bitcoin holdings this year to fund this buildout. AMD's chief strategy officer emphasized the importance of access to power and infrastructure for AI compute, while Core Scientific's CEO highlighted the company's execution capabilities as key to supporting AMD's technology roadmap. The partnership adds to Core Scientific's customer base, which includes AI hyperscaler CoreWeave. Core Scientific operates data centers across several U.S. states and is repurposing its mining sites for colocation. CORZ shares rose approximately 3% in pre-market trading following the announcement.