AMD's $14 billion compute deal with Core Scientific is a lifeline for the neocloud

AMD will use 2.5GW of Core Scientific's compute capacity to spur demand for its latest-generation GPUs.

Jul 28, 2026 6:20 PM 2 min read

An overhead view of a Core Scientific data center in Austin, Texas — A Core Scientific data center in Austin, Texas. (Credit: Core Scientific)

AMD has turned to Core Scientific for a leasing deal worth more than $14 billion, covering 2.5GW of compute capacity.

The US data centre firm will provide at least 530MW of capacity to AMD for 15 years from 2027, with a contract option to add another 2 GW of capacity from five of Core Scientific’s US sites.

According to AMD Chief Strategy Officer Mathew Hein, the deal expands access for customers including “model builders, cloud providers, and enterprises” to “deploy AMD AI solutions at scale," he said in a joint statement from the two companies.

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Noah Bovenizer

Noah Bovenizer is a reporter with The Stack. He previously covered the transportation sector for Global Data. He has a first class degree in journalism and has also worked as a newsreader for Gaydio.