other material
confidence high
sentiment positive
materiality 0.85
Core Scientific and AMD announce infrastructure partnership for up to 2.5 GW; initial 377 MW leases, warrant issued
Core Scientific, Inc./tx
- Core Scientific entered lease agreements with AMD for 377 MW and with a Neocloud for 152 MW of critical IT capacity, 15-year terms with three 5-year options.
- AMD receives warrant to purchase up to 30M shares at $23.47; ~6.5M shares vested immediately based on initial 377 MW.
- AMD has right to reserve additional 1,925 MW capacity through Dec 2028, enabling total potential of up to 2.5 GW.
- Partnership includes collaboration on physical infrastructure design and deployment of AMD Instinct GPUs, EPYC CPUs, and ROCm software.
- More than 500 MW of U.S. infrastructure expected to begin in 2027, scaling to 2.5 GW.