TheBlock
Core Scientific will allocate more than 500 megawatts of data-center capacity to AMD beginning in 2027, with the option to scale to 2.5 gigawatts under a multi-year partnership that grants the chipmaker warrants to purchase Core Scientific stock.
Why it matters
The deal layers AMD on top of CoreWeave as a marquee AI colocation customer, validating the pivot former bitcoin miners are making toward high-density compute tenants. Warrants, rather than cash, align both sides to the equity upside of Core Scientific's transition from BTC mining margins to contracted AI infrastructure revenue.
Market impact
Scale is the headline: a 2.5GW ceiling puts Core Scientific in the same conversation as the largest neocloud buildouts, while the 2027 start gives the operator room to retrofit sites inherited from its mining era. Investors will read the warrants as a structural endorsement, not a one-off lease.
Frequently asked questions
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How much capacity is AMD committing to under the Core Scientific deal?
AMD will take more than 500 megawatts of data-center capacity beginning in 2027, with an option to scale up to 2.5 gigawatts under the multi-year partnership.
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Why did AMD receive warrants as part of the agreement?
The warrants align AMD's upside with Core Scientific's stock, tying the chipmaker to the equity value of the operator's AI colocation pivot rather than a straightforward cash lease.
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How does this fit Core Scientific's broader AI strategy?
The AMD deal layers on top of an existing CoreWeave anchor, validating Core Scientific's transition from bitcoin mining into high-density AI compute colocation at neocloud scale.
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When will the AMD capacity actually come online?
Initial allocations begin in 2027, giving Core Scientific runway to retrofit sites inherited from its former bitcoin mining operations.
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What does a 2.5GW ceiling signal for the sector?
A multi-gigawatt optionality puts Core Scientific in the same scale conversation as the largest dedicated neocloud buildouts, suggesting former miners can compete for tier-one AI tenants.
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