AMD and Core Scientific Secure Up to 2.5 GW AI Data‑Center Capacity
AMD announced a strategic AI‑infrastructure partnership with Core Scientific, giving AMD access to more than 500 MW of U.S. data‑center capacity beginning in 2027 and the option to expand to a total of 2.5 GW. The collaboration will deploy AMD Instinct GPUs, EPYC CPUs and ROCm software, and includes market‑priced warrants that allow AMD to purchase Core Scientific common stock.
Core Scientific is converting former Bitcoin‑mining sites in several states into AI‑ready colocation facilities, shifting its business model toward high‑density AI workloads. The deal is intended to address growing constraints on power, land and cooling for AI compute. Following the announcement, AMD’s share price fell roughly 5‑8%, while Core Scientific’s (CORZ) stock rose as much as 10% in pre‑market trading.
The partnership is part of Core Scientific’s broader strategic transition away from cryptocurrency mining toward AI infrastructure services, a shift also highlighted by a recent $41.9 million loss incurred to cancel a Block chip purchase.
Entities: Advanced Micro Devices, Inc. (AMD) · Chris Allexandre · Core Scientific, Inc. · EPYC CPU · Instinct GPU · Navitas Semiconductor · market‑priced warrants
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] Navitas shipped production samples for AI data center programs targeting 800 V architectures. (Navitas Semiconductor press release)
- [● 2 SOURCES] Chris Allexandre is President and CEO of Navitas Semiconductor. (Navitas Semiconductor press release)
- [● 2 SOURCES] Navitas has exited the mobile market, with mobile revenue now insignificant. (Navitas Semiconductor press release)
- [● 2 SOURCES] Navitas Semiconductor reported total revenue grew 22% sequentially in Q2 2026. (Navitas Semiconductor press release)
- [● 2 SOURCES] Navitas reports an expanding backlog with record‑level book‑to‑bill. (Navitas Semiconductor press release)
- [● 2 SOURCES] High‑power markets grew more than 50% year‑over‑year in Q2 2026. (Navitas Semiconductor press release)
- [● 2 SOURCES] Navitas expects sequential revenue growth of 28% in Q3 2026. (Navitas Semiconductor press release)
- [● 2 SOURCES] AI infrastructure markets will represent more than one‑third of Navitas total sales by the end of 2026. (Navitas Semiconductor press release)
- [● 2 SOURCES] AMD’s share price fell roughly 5‑8% after announcing the partnership. (ed0a815d-3239-492f-b117-e15923b64de3, 45c5786c-c212-4d8f-8cba-191edab5ea36)
- [○ 1 SOURCE] Core Scientific (CORZ) shares rose up to about 10% in pre‑market trading after the announcement. (e9d990a8-f2c2-45a9-a263-7363a6bffd7f)
- [● 3 SOURCES] The partnership includes deployment of AMD Instinct GPUs, EPYC CPUs and ROCm software. (45c5786c-c212-4d8f-8cba-191edab5ea36, ed0a815d-3239-492f-b117-e15923b64de3, 98c43b9a-aaad-40a9-a57d-86cd43592ae9)
- [● 4 SOURCES] AMD secured up to 2.5 GW of U.S. data‑center capacity from Core Scientific, effective 2027. (45c5786c-c212-4d8f-8cba-191edab5ea36, e9d990a8-f2c2-45a9-a263-7363a6bffd7f, ed0a815d-3239-492f-b117-e15923b64de3, 98c43b)