Bitcoin Miner Core Scientific Launches 1.5GW AI Data Center Strategy With Texas Conversion - Crypto Economy

Core Scientific is transforming its facility in Pecos, Texas, into a high-density colocation hub focused on artificial intelligence, with a gross capacity of up to 1.5 gigawatts.

According to the company’s announcement, approximately 1 GW of that capacity will be available for lease, while around 300 megawatts currently allocated to Bitcoin mining will be repurposed for data center operations. Adam Sullivan, CEO of Core Scientific, noted that the company continues to leverage its in-house expertise to scale its next-generation artificial intelligence infrastructure.

The first data hall has already completed its foundation work and is advancing toward vertical construction. Operations are expected to begin by early 2027. To support this development, the company acquired more than 200 acres of land in the area and secured an additional 300 megawatts of energy under contract with its utility provider.

Last week, the company also announced plans to raise $3.3 billion through senior secured notes maturing in 2031, intended to finance expansion in Georgia, Texas, North Carolina and Oklahoma. Core Scientific shares have posted a 44% gain so far this year.

Source: https://investors.corescientific.com/news-events/press-releases/detail/134/core-scientific-plans-expansion-to-1-5-gigawatts-of-gross-power-at-pecos-texas-campus

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