Bitcoin mining company Core Scientific invests in transforming into an AI data center, advancing a 1.5GW data center project

Bitcoin mining company Core Scientific announced that it will transform its mining facility located in Pecos, Texas into a high-density AI collaborative positioning data center, with a planned total power capacity of 1.5 GW, of which approximately 1 GW will be available for lease.

As part of the transformation, about 300 MW of mining capacity at the site will be reallocated for data center operations. The first data hall has completed its foundation construction and has entered the main construction phase, expected to be operational by early 2027. To support the expansion plan, the company has acquired over 200 acres of land locally and plans to raise over $4 billion for advancing data center construction in Texas, Georgia, North Carolina, and Oklahoma through the issuance of $3.3 billion in senior secured notes and a previously obtained $1 billion credit facility from Morgan Stanley.