Credit Support Agreements (AMD/Neocloud)
Company: Core Scientific - Project: Dalton 3
The claim, verbatim
In connection with Neocloud Leases, Core Scientific, Neocloud, and AMD entered into Credit Support Agreements establishing protections for AMD equipment, AMD's right to cure Neocloud defaults, and AMD's rights upon material Neocloud defaults
Source (primary)
Core Scientific 8-K filed 2026-07-28 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗
Quote: “In connection with the Neocloud Leases, each of the Company, Neocloud and AMD has entered into a Credit Support Agreement with respect to each Neocloud Lease: (i) establishing protections for AMD equipment held within the applicable Neocloud Lease premises, (ii) providing AMD the right, but not the obligation, to cure certain defaults of Neocloud under the applicable Neocloud Lease, and (iii) establishing AMD's rights and obligations in the event of certain material defaults by a Neocloud with respect to the applicable Neocloud Lease”
How we checked this
Additional evidence
confirms Core Scientific 8-K filed 2026-07-28
Quote: “In connection with the Neocloud Leases, each of the Company, Neocloud and AMD has entered into a Credit Support Agreement with respect to each Neocloud Lease: (i) establishing protections for AMD equipment held within the applicable Neocloud Lease premises, (ii) providing AMD the right, but not the obligation, to cure certain defaults of Neocloud under the applicable Neocloud Lease, and (iii) establishing AMD's rights and obligations in the event of certain material defaults by a Neocloud with respect to the applicable Neocloud Lease”