Core Scientific Partners With Chipmaker AMD On A.I. Data Centre

Core Scientific Partners With Chipmaker AMD On A.I. Data Centre

Tue, July 28, 2026 at 4:26 PM GMT+3 1 min read

Core Scientific (NASDAQ: $CORZ) is partnering with chipmaker Advanced Micro Devices (NASDAQ: $AMD) on a new artificial intelligence (A.I.) data centre.

The deal involves AMD taking out a 15-year lease for 529 megawatts of U.S. A.I. capacity, which Core Scientific said could generate more than $14 billion U.S. of revenue for it.

Core Scientific is a former Bitcoin (CRYPTO: $BTC) miner turned A.I. data centre operator.

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The deal is expected to support AMD customer deployments starting in 2027. AMD is leasing compute power at Core Scientific's data centres in Texas and Oklahoma.

In a joint news release, the two companies said that they plan to collaborate on data centre design and the deployment of AMD microchips, processors, and software.

As part of the deal, AMD has also received warrants to purchase up to 30 million Core Scientific shares at $23.47 U.S. each. CORZ stock is currently trading at $20.74 U.S. per share.

The agreement lifts Core Scientific's leased customer capacity to roughly 1.1 gigawatts of compute capacity, representing more than $24 billion U.S. in potential revenue.

The partnership with AMD accelerates Core Scientific's move away from Bitcoin mining. Core Scientific currently owns 848 Bitcoin worth $49.7 million U.S.

CORZ stock has risen 50% in the last 12 months to trade at $20.74 U.S. per share. AMD stock has gained 185% in the past year to change hands at $494.95 U.S. a share.