Core Scientific shareholders refuse to buy $9 billion, and the AMD agreement proves it's still valid

Core Scientific (NASDAQ: CORZ) shareholders rejected a $9 billion acquisition proposal. On 28 July, the company announced an important infrastructure collaboration with AMD (NASDAQ: AMD) and is expected to start providing over 500 MW of U.S. data centre capacity for AMD ecosystems in 2027, which could be extended to 2.5 GW in the future. Core Scientific ' s share price increased in pre-dating transactions. According to its financial statements, the Core Scientific agreement with AMD covers approximately 530 MW of capacity, with potential contract revenues exceeding $14 billion. The signing of the agreement marked the progress made by Core Scientific in attracting new clients, particularly after the rejection of Coreweave's acquisition。