AMD locks up 530MW of Core Scientific capacity in a $14B, 15-year lease
AMD signed 15-year leases for about 530 MW across five Core Scientific campuses in Texas, Oklahoma, Alabama, and Georgia — more than $14B in base contracted revenue, doubling the host's AI capacity to roughly 1.1 GW. The signal is a chipmaker underwriting power and liquid-cooled floor space instead of selling accelerators, because the binding constraint in AI deployment has moved from silicon supply to energized capacity. The $14B spreads over 15 years, and the 2 GW that would take the partnership to 2.5 GW is a reservation right rather than a firm commitment, with deliveries starting in the first half of 2027.
Source: datacenterknowledge.com ↗
The primary bottleneck in AI deployment has fundamentally shifted from silicon supply to power access and data center footprint.
Why this matters
- → Chipmakers now finance power infrastructure, not just sell chips.
- → AI deployment bottleneck has shifted from silicon to energized data center capacity.
- → Sets a pricing precedent: $11–12M per MW becomes the infrastructure cost benchmark.