Rackspace signs definitive GPUaaS agreement with AMD for 30 MW AI compute deployment

Rackspace Technology, Inc.

Initial 30 MW footprint dedicated to AMD Instinct GPUs (MI355X, MI350P) and EPYC CPUs, deployed late 2026 through 2028.
Deployments require additional financing; AMD has right of first refusal on GPU capacity below a price threshold.
Agreement builds on May 7, 2026 MOU, covering Enterprise AI Cloud, Inference Engine, Inference as a Service, and Bare Metal offerings.
Both companies to dedicate sales resources targeting regulated industries like healthcare; investor call scheduled June 16 at 8:30 am ET.

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