Core Scientific Expands into AI with New Data Center in Texas
- Core Scientific plans to develop a data center campus in Pecos, Texas, with a gross power capacity of up to 1.5 gigawatts.
- Approximately 1 gigawatt of this capacity is expected to be available for leasing.
- The company will repurpose 300 megawatts currently used for Bitcoin mining towards AI data center operations.
- Core Scientific has acquired over 200 acres of land to support the expansion.
- The first data hall is under construction, with initial capacity expected by early 2027.
- The company’s shares have increased by 44% year-to-date.
As demand for computing infrastructure rises, Core Scientific shifts its focus from Bitcoin mining to artificial intelligence services, reflecting a broader trend among miners seeking new revenue streams.
With plans for a 1.5 gigawatt facility and an increase in share value by 44%, Core Scientific is positioning itself at the forefront of the AI infrastructure market.(Source)
