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Bitcoin mining company Core Scientific invests in transforming into an AI data center, planning 1.5GW of computing capacity
Deep Tide TechFlow News, April 28 — According to Cointelegraph, Bitcoin mining company Core Scientific announced that it is transforming its mining facility in Pecos, Texas into a high-density AI collaborative data center, with a planned total power capacity of 1.5GW, of which about 1GW can be leased out. As part of the transformation, approximately 300MW of mining capacity at the site will be reallocated for data center operations. The first data hall has completed foundation construction and entered the main construction phase, with an expected operational start in early 2027.
To support its expansion plans, the company has acquired over 200 acres of land locally and plans to raise more than $4 billion through the issuance of $3.3 billion in senior secured notes and a previously obtained $1 billion credit line from Morgan Stanley, to fund data center development in Texas, Georgia, North Carolina, and Oklahoma.