Overview
- The companies announced the commercial partnership on July 28, under which AMD signed 15‑year agreements for roughly 529–530 megawatts across five Core Scientific campuses with conditional rights to reserve up to 2.5 gigawatts by Dec. 28, 2028.
- AMD received market‑priced warrants to buy up to 30 million Core Scientific shares that vest as capacity is contracted, with about 6.5 million warrants vesting at signing.
- Core Scientific said the initial 15‑year package underpins more than $14 billion of base contracted revenue and raises its total contracted billable capacity to roughly 1.1 gigawatts and over $24 billion of potential revenue.
- Core Scientific estimates the initial AMD build‑out will cost about $6 billion and plans to finance it mainly with project‑level bonds, leaving near‑term execution risks from construction, grid interconnections and financing ahead of 2027 deliveries.
- The partnership formalizes a deeper technical tie‑up—co‑designing facilities for AMD Instinct GPUs, EPYC CPUs and ROCm software—and it accelerates Core Scientific’s pivot from bitcoin mining to high‑density AI colocation with implications for local jobs, power demand and how AMD competes for enterprise AI deployments.