Core Scientific Partners with AMD on Multi-Billion Dollar AI Infrastructure Deal

Core Scientific is expanding its focus on AI-focused data center operations through a long-term infrastructure agreement with AMD. The 15-year deal covers 529 megawatts of initial capacity and includes options for AMD to reserve up to 2.5 gigawatts by the end of 2028. This partnership could generate over $14 billion in contracted revenue starting in 2027.

The infrastructure agreement gives AMD direct access to 377 megawatts across Core Scientific sites in Texas, Oklahoma, and Alabama. The companies are also working together on data center design and deployment of AMD's Instinct graphics processing units, EPYC processors, and ROCm software.

This deal marks a significant shift away from bitcoin mining for Core Scientific. The company terminated an agreement to buy Block's bitcoin-mining chips and recorded a $41.9 million charge as a result. As of mid-July, Core Scientific was billing customers for 437 megawatts, equivalent to about $635 million in annualized colocation revenue.

The partnership is part of AMD's efforts to boost data storage and processing capacity as cloud and AI workloads surge. This deal highlights the growing trend of chipmakers locking in large infrastructure footprints to deploy advanced AI chips at scale.