Core Scientific announced a strategic partnership with AMD granting the chipmaker access to over 500 megawatts of AI-ready data center capacity starting in 2027, with potential expansion up to 2.5 gigawatts. In return, AMD received warrants for 30 million CORZ shares at an exercise price of $23.47 per share, with vesting tied to actual capacity commitments contracted. In Q2 2026, Core Scientific’s colocation revenue reached $136.7 million, nearly doubling the $77.5 million from the prior quarter and representing 77% of total revenue of $164.2 million. CORZ shares rose approximately 5% in premarket trading following the announcement, marking a significant validation of the former Bitcoin miner’s pivot toward AI infrastructure.
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