Core Scientific inks AI infrastructure deal with AMD

• AMD will secure up to 2.5 gigawatts of data center capacity from Core Scientific
• The infrastructure will be used to support customer deployments of AMD's AI systems
• The partnership strengthens AMD's position in the competitive AI chip and infrastructure market

Summary: Core Scientific Signs AI Infrastructure Deal with AMD

Key Transaction Details:

Core Scientific has entered into an agreement with AMD to provide up to 2.5 gigawatts of data center capacity dedicated to supporting customer deployments of AMD's AI systems. The deal was announced on July 28.

Companies Involved:

• Core Scientific: Bitcoin mining company that has pivoted to AI infrastructure hosting
• AMD: Major semiconductor and chip manufacturer competing in the AI accelerator market

Strategic Significance:

This partnership represents a significant capacity commitment in the rapidly expanding AI infrastructure sector. The 2.5 gigawatt allocation is substantial, reflecting the enormous power requirements of modern AI data centers and the growing demand for AI computing resources.

Market Implications:

The deal strengthens AMD's position in the competitive AI infrastructure market, where it competes against rivals like Nvidia. For Core Scientific, the agreement represents continued diversification away from cryptocurrency mining toward more stable, long-term AI hosting contracts. The partnership provides AMD with guaranteed data center capacity to deploy its AI systems for customers, addressing a critical bottleneck in AI infrastructure availability.

This transaction underscores the intense competition among chip manufacturers to secure the physical infrastructure needed to deploy AI solutions, as demand for AI computing power continues to surge across industries. The multi-gigawatt scale of the commitment highlights the capital-intensive nature of AI infrastructure and the strategic importance of power availability in the AI ecosystem.

Date: July 28, 2026 (as reported by Reuters)