Core Scientific shareholders rejected a $9 billion sale, then landed an AMD deal

M&A · Partnership Impact 4
โดย Insider Monkey·US·Read original
Summary · why it matters

Core Scientific shareholders who rejected a $9 billion all-stock acquisition by CoreWeave last year have seen the company announce a major infrastructure partnership with Advanced Micro Devices. The deal gives AMD's ecosystem access to more than 500 megawatts of U.S. data-center capacity beginning in 2027, with the potential to expand to 2.5 gigawatts. Core Scientific's regulatory filing showed AMD directly leased 377 megawatts, while an unnamed neocloud leased another 152 megawatts under agreements that give AMD certain equipment protections and rights if that customer defaults. The new leases almost double total leased customer power capacity to approximately 1.1 gigawatts, representing more than $24 billion of potential contracted revenue including the existing CoreWeave relationship. The partnership validates the shareholder argument that Core Scientific's power portfolio could attract major customers beyond CoreWeave, though the ultimate value remains uncertain given capital requirements and the fact that the $14 billion potential revenue figure is collected over 15 years before costs.

Impact on stocks 3

Artificial Intelligence▲ · 2 stocks
Advanced Micro Devices Inc
AMD
▲ PositiveDemandrelevance

AMD gains access to over 500 MW of data-center capacity, expanding its ecosystem and potential AI infrastructure demand.

Digital Finance & Tokenization▲ · 1 stocks

Theme Impact 3

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