Five hundred megawatts, a measure of the continuous electrical power a facility can draw from the grid at any given moment, will be committed to artificial intelligence data-center infrastructure in the United States starting in 2027. Core Scientific and AMD are the parties to this arrangement. The deal includes the option to scale to 2.5 gigawatts, five times the opening commitment, and AMD receives warrants to buy shares of Core Scientific, ticker CORZ, as part of the terms.
What the numbers actually say
A megawatt is a rate, not a quantity. It describes how fast electricity flows into a building to keep servers and cooling equipment running around the clock. Five hundred megawatts is the committed starting point. The 2.5-gigawatt figure is the ceiling written into the contract, and whether it gets built depends on conditions not yet disclosed.
The 2027 start date is roughly a year out. That is when the first 500 megawatts of capacity is scheduled to come online. What AMD does with that capacity, whether it uses the infrastructure for its own operations or runs it for customers, is not specified in what was disclosed.
How AMD's warrants fit in
Warrants are a financial instrument. They give the holder the right to buy a company's stock at a fixed price on or before a set date, rather than at whatever the market charges today.
AMD, the chipmaker, receives warrants to purchase CORZ shares as part of this deal. That structure ties AMD's financial return on this arrangement partly to how Core Scientific's stock price moves. If CORZ shares rise above the warrant's exercise price, AMD can buy at the lower price and capture the difference. If the stock does not clear that threshold, the warrants may expire without value. The specific exercise price and expiration terms were not included in the disclosed summary.
Core Scientific's stated direction
Core Scientific frames this deal as central to its repositioning toward AI infrastructure. The source headline describes it as an "AI pivot" tied directly to AMD. The facts on record are the 500-megawatt initial commitment, the 2027 start date, a contractual ceiling of 2.5 gigawatts, and AMD's warrant stake in CORZ.