Core Scientific Announces $14 Billion AMD Partnership for Data Center Capacity
Core Scientific announced a major commercial partnership with AMD covering up to 2.5 gigawatts of data center capacity, starting with approximately 530 megawatts across five campuses under 15-year agreements. The initial contracts represent over $14 billion in base contracted revenue and raise Core Scientific’s total contracted billable capacity to more than $24 billion. The agreement includes direct triple-net leases for about 380 megawatts at three sites, while another 150 megawatts will support an unnamed Neocloud customer with AMD credit backing. The initial build-out is expected to cost around $6 billion and be financed through project-level bonds. Deliveries are anticipated to begin in the first half of 2027. AMD also has conditional reservation rights for up to an additional 2 gigawatts, which Core Scientific believes it can provide via grid-connected power or behind-the-meter solutions at existing sites.
Topics: AMD partnership contracted revenue data center infrastructure