Bitcoin mining firm Core Scientific shifts focus to AI data centers, advancing 1.5GW data center project

Odaily reported that Bitcoin mining company Core Scientific has announced the transformation of its mining facility in Pecos, Texas, into a high-density AI colocation data center, with a planned total power capacity of 1.5GW, of which approximately 1GW will be available for external leasing. As part of this transformation, about 300MW of the site's mining capacity will be reallocated for data center operations. The first data hall has completed foundation work and entered the main construction phase, with initial operations expected in early 2027.

To support the expansion plan, the company has acquired over 200 acres of land locally and plans to issue $3.3 billion in senior secured notes, combined with a previously secured $1 billion credit line from Morgan Stanley, raising a total of over $4 billion to advance data center construction in Texas, Georgia, North Carolina, and Oklahoma. (Cointelegraph)