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July 28 (Reuters) - Core Scientific signed a deal with AMD, ‌under which the chip firm ‌will secure up to 2.5 gigawatts ​of data center capacity to support customer deployments of its AI systems, the companies said on Tuesday.

Shares ‌of Core ⁠Scientific rose 4% in premarket trading.

Demand for electricity, land ⁠and data center facilities has surged as cloud providers and ​enterprises ramp ​up investments ​in AI infrastructure.

The ‌deal provides AMD with more than 500 megawatts of U.S. data center capacity starting in 2027 with the ability to expand ‌up to 2.5 ​gigawatts.

As part of the ​agreement, ​AMD will also receive ‌market-priced warrants to purchase ​Core Scientific ​common stock, subject to certain commercial conditions.

Financial terms of the ​deal ‌were not disclosed.

(Reporting by Harshita ​Mary Varghese in Bengaluru; Editing ​by Leroy Leo)