Bitcoin mining company Core Scientific transforms into AI data center, advancing a 1.5GW data center project

Odaily Planet Daily News Bitcoin mining company Core Scientific 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 the transformation, approximately 300MW of mining capacity at the site 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 raise more than $4 billion through a $3.3 billion senior secured note issuance and a previously secured $1 billion credit line from Morgan Stanley. These funds will be used to advance data center construction in Texas, Georgia, North Carolina, and Oklahoma. (Cointelegraph)