# Core Scientific Signs Multi-Billion-Dollar AMD Data Center Deal

**Core Scientific's Q2 2026 results reveal a new AMD partnership worth up to $14 billion, plus 1.1 gigawatts of total leased capacity.**

## What Core Scientific announced

Core Scientific, a digital infrastructure company that trades on the Nasdaq under the ticker CORZ, announced its second-quarter 2026 results on July 28, 2026, according to its [investor relations release](https://investors.corescientific.com/news-events/press-releases/detail/139/core-scientific-announces-second-quarter-2026-results). The headline item was a new partnership with AMD covering data center leasing capacity.

## The AMD partnership, by the numbers

Core Scientific says the AMD partnership has the potential to support up to 2.5 gigawatts of leasable capacity. That figure is anchored by firmer 15-year agreements covering approximately 530 megawatts across five sites, which Core Scientific says represents more than $14 billion of potential base contracted revenue. The 2.5-gigawatt number is described as a ceiling the partnership could reach, while the 530-megawatt, five-site commitment is the part already locked into 15-year contracts.

## The rest of the leasing business

Beyond the AMD deal, Core Scientific says its total leased customer power capacity rose to approximately 1.1 gigawatts, which it values at more than $24 billion in potential contracted revenue across its full customer base. That figure covers all of the company's colocation customers, not just AMD.

## What's already billing

Of that leased capacity, Core Scientific says it was actually billing customers for 437 megawatts as of mid-July, representing about $635 million in average annualized colocation GAAP revenue. Core Scientific did not detail, in this release, why the remainder of its 1.1 gigawatts of leased capacity is not yet billing.

## The quarter's financial results

Core Scientific reported a net loss for the quarter ended June 30, 2026, which it says was primarily driven by a change in the fair value of warrants tied to appreciation in the company's own stock price during the period, rather than by its underlying operations.

## Who's running the company

Core Scientific held its earnings conference call on July 28, 2026, at 8:30 a.m. Eastern Time. The call featured CEO Adam Sullivan, CFO Jim Nygaard, COO Matt Brown, and Jon Charbonneau, the company's senior vice president of investor relations.

## Where Core Scientific operates

Core Scientific's facilities span Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma, and Texas, with the largest concentration, four sites, in Texas. The company says it is in the process of repurposing its remaining digital-asset mining facilities to support its colocation business, which now generates the majority of its revenue; the remainder still comes from mining digital assets for its own account and from mining hosting services.

## Key facts

- The AMD partnership could reach 2.5 gigawatts of leasable capacity, anchored by 15-year deals for about 530 megawatts across five sites.
- Core Scientific values the AMD commitment at more than $14 billion in potential base contracted revenue.
- Total leased customer power capacity across the company reached about 1.1 gigawatts, worth more than $24 billion in potential revenue.
- Core Scientific was already billing for 437 megawatts as of mid-July, worth about $635 million in annualized colocation revenue.
- The quarter's net loss was primarily driven by a change in the fair value of warrants, not underlying operations.

## Check your understanding

- How much leasable capacity could the AMD partnership eventually support, and how much of that is already locked into 15-year agreements?
- Why does Core Scientific say it recorded a net loss for the quarter ended June 30, 2026?

## Sources

- [Core Scientific: Core Scientific Announces Second Quarter 2026 Results](https://investors.corescientific.com/news-events/press-releases/detail/139/core-scientific-announces-second-quarter-2026-results)

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- Category: know (industry)
- Affects: —
- Published: 2026-07-28T00:00:00.000Z
- Original: https://investors.corescientific.com/news-events/press-releases/detail/139/core-scientific-announces-second-quarter-2026-results
- Generated by tinker news