Rackspace (RXT) signed an AMD framework covering a conditional 30-MW data-center footprint, with no minimum AMD purchases or guaranteed deployments.

Rackspace’s Form 10-Q discloses a definitive GPU-as-a-Service (GPUaaS) agreement establishing master commercial terms with AMD. It covers phased deployment of AMD Instinct GPUs, including MI355X, MI350P and successors, and AMD EPYC central processing units (CPUs), but does not itself require AMD to approve a deployment or buy a specified quantity of services.

Rackspace agreed to dedicate, maintain and make available an aggregate initial footprint of 30 megawatts (MW) across its data centers where AMD products are fit for purpose, subject to financing, operational and legal conditions. Satisfying that obligation requires significant capital expenditures, financing, customer demand, power, cooling, networking and operational execution; failure could cause Rackspace to lose agreement benefits.

Each deployment requires separately agreed pricing, duration and financial parameters. For an agreed deployment, AMD would purchase residual unsold capacity subject to delivery and service-availability requirements and a deployment-specific aggregate cap, with no assurance those purchases would cover Rackspace’s investment, financing or operating costs.

AMD also has a right of first refusal before Rackspace sells GPUaaS capacity to third parties below a specified price threshold. Deployment termination provisions include uncured material breach, insolvency, failure to meet an outside go-live date and certain service-level failures, while hardware availability depends on third-party OEM relationships and market supply.