Core Scientific Locks 2.5GW AI Data Center Deal with AMD

Core Scientific just sealed a deal with AMD for a potential 2.5 gigawatts of AI data center capacity. The agreement covers the American South and spans 15 years, with three five-year renewal options. Revenue from this deal will start flowing in 2027.

AMD has directly taken 377 megawatts of critical IT capacity within the leased 529 megawatts footprint. The rest, 152 megawatts, is reserved for unnamed neocloud operators. Additionally, AMD holds the option to call on up to 1,925 megawatts more capacity through December 2028.

Core Scientific’s leased footprint now totals roughly 1.1 gigawatts, pushing contracted revenue past $24 billion. The company sweetened the pot with a warrant for AMD—up to 30 million shares at $23.47 each, vesting at 12,222 shares per megawatt brought online. Investors reacted positively: Core Scientific shares jumped nearly 10%, while AMD slipped more than 5%.

Wistron opened its massive 324,000-square-foot D1 AI smart facility in Fort Worth, Texas, with a $700 million price tag. The plant produces Nvidia’s GB300 Grace Blackwell Ultra Superchip and plans to expand to the Vera Rubin Superchip. Wistron’s shares rose 9.7% on the news. Simon Lin, Wistron chairman, said, “In the next couple of years, this location will be one of the most important, as we build AI infrastructure here in the United States.”

Anthropic is also in the game. The AI company will deploy up to 2 gigawatts of AMD’s AI GPUs, with the first gigawatt expected in the first half of 2027. AMD will support Anthropic with expanded computing power and launch a multi-year engineering collaboration. Tom Brown, Anthropic’s cofounder, said, “By partnering with AMD across the stack, we are securing the capacity we need and optimizing it for training and serving Claude.”

Cerebras gained roughly 5% in shares after announcing a deal with AMD. Their chips will be integrated into AMD’s Helios AI systems, which Cerebras will host in its data centers starting later this year. Cerebras previously signed a deal with OpenAI worth over $10 billion to deliver 750 megawatts of computing power through 2028. CEO Andrew Feldman said, “When something’s a necessity, people want to use it, and they want to use it quickly.”

Ionic Digital provided its own forecast. It expects total revenue between $47.5 million and $48.5 million for Q2 2026, and $190 million to $195 million for the full year. Adjusted EBITDA should hit $36 million to $37 million in Q2 and $137.5 million to $142.5 million for the year. Capital expenditures will range from $5.5 million to $6.5 million in Q2, with a yearly spend of $45 million to $60 million. Net loss estimates for Q2 are a negligible $34,000 to $35,000.

Demand for AI infrastructure is relentless. Nvidia CEO Jensen Huang put it bluntly: “Demand for AI factories—the engine of this next industrial revolution—is incredible, and they must be produced everywhere.” The landscape is shaping fast, with chipmakers, cloud operators, and AI firms racing to lock down capacity and technology.

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