Core Scientific signs 2.5 GW AMD AI deal as CORZ falls

Core Scientific shares fell after the Bitcoin miner agreed to provide AMD with up to 2.5 gigawatts of data center capacity for artificial intelligence deployments starting in 2027. Summary AMD secured access to up to 2.5 GW of data center capacity beginning next year. Core Scientific and AMD will deploy Instinct GPUs, EPYC CPUs, and ROCm software. CORZ fell more than 4% after reversing a gain of over 5% in premarket trading. AMD will receive market-priced warrants to purchase Core Scientific shares under certain conditions. AMD secures up to 2.5 GW from Core Scientific Core Scientific and AMD have signed an agreement covering up to 2.5 GW of data center capacity for customers deploying the chipmaker’s AI systems. Capacity will become available from 2027, according to a joint announcement from the companies. Core Scientific and AMD will also work together on the physical design of the infrastructure needed to support high-density computing workloads. Planned deployments will use AMD Instinct graphics processing units, EPYC processors, and the company’s ROCm software platform. The announcement did not disclose the financial value of the agreement or identify the end customers expecte...