Chip firm AMD is to lease data center capacity from Core Scientific.

The two companies this week announced a partnership, with AMD securing up to 2.5GW of data center capacity to support “end customer deployments of AMD AI solutions.”

The deal will see AMD lease more than 500MW from 2027, with potential to scale the agreement up to 2.5GW.

AMD has signed 15-year agreements for approximately 530MW across five sites. The deal totals more than $14 billion of potential base contracted revenue, according to Core Scientific.

In Texas, AMD is set to lease 185MW in Pecos and 110MW in Hunt County. In Dalton, Georgia, the chip giant is leasing 120MW. In Muscogee, Oklahoma, AMD is leasing 82MW. And in Auburn, Alabama, the firm is leasing 32MW of capacity.

The full 530MW is set to be delivered by the end of 2028, starting in Pecos and Auburn in H1 2027.

The firm also has expansion potential to lease a further 192MW each in both Hunt and Muskogee.

As part of the agreement, Core Scientific and AMD will collaborate on physical infrastructure design and the deployment of AMD Instinct GPUs, Epyc CPUs, and ROCm software.

AMD will also receive market-priced warrants to purchase Core Scientific’s common stock, subject to certain commercial conditions. According to Core Scientific filings, AMD can purchase up to 30 million shares.

"AI deployments are accelerating rapidly, and bringing that compute online requires trusted infrastructure partners with the scale and power to support the next era of AI," said Mathew Hein, SVP and chief strategy officer of corporate development at AMD. "Core Scientific's extensive portfolio of AI-ready data centers expands access to the infrastructure our customers need to deploy AMD AI solutions at scale. Together, we are helping model builders, cloud providers and enterprises accelerate AI adoption while strengthening the AMD ecosystem.”

“We are proud to establish a strategic relationship with AMD and support the continued deployment of its next-generation products,” said Adam Sullivan, Core Scientific CEO. “Our proven execution capabilities and ability to deliver high-density infrastructure at scale position us to support AMD’s technology roadmap and grow our relationship meaningfully over time.”

AMD is also set to lease 50MW of capacity from Riot in Texas. Like Core Scientific, Riot is a former crypto firm pivoting to AI and HPC. AMD is leasing capacity at Riot's Rockdale site, which is being repurposed from hosting Bitcoin mining hardware towards GPU hosting. AMD could lease up to 200MW of capacity at the site if it exercises all its options.

Q2 sees Core Scientific post losses

This week also saw Core Scientific announce its Q2 2026 earnings results. The firm posted total revenues of $164.2 million, a net loss of $1.155 billion, increased from a loss of $347.2m in the previous quarter, and Adjusted EBITDA of $41.1m.

The company’s capital expenditures jumped from $389.2 million in Q1 2026 to $797.4m this quarter – and up from $121.3m in Q2 2025.

Core Scientific has cash and equivalents totaling $1.819 billion.

The firm has 395MW in billable megawatts, up from 225MW in Q1. Core Scientific has ~1.1GW in total contracted customer capacity, representing more than $24bn in total contracted revenue.

Founded in 2017, Core Scientific began as a cryptomine data center operator, but has now pivoted to AI data center development. The company has facilities across Alabama, Georgia (x2), Kentucky, North Carolina, North Dakota, Oklahoma, and Texas (x3).

The firm recently outlined plans to add a behind-the-meter solution at its Pecos campus in Texas. It also recently acquired a cryptomine in Muskogee.

CoreWeave is also a major customer of CoreScientific, leasing capacity in Texas, Georgia, Oklahoma, and North Carolina.