Core Scientific and AMD Announce Infrastructure Lease Deal, AMD Gains 500MW+ Computing Power

CORZ-2.84%
AMD-7.93%
According to Jin10, Core Scientific and AMD announced an infrastructure lease agreement on July 28. Under the deal, AMD will receive warrants to purchase Core Scientific stock at market pricing. AMD secures over 500 megawatts of U.S. computing capacity through the partnership, with the ability to scale computing power to 2.5 gigawatts.
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