"Core Scientific is transitioning from crypto mining to token farming, revealing plans to convert a 300-megawatt bitcoin mining operation into a 1.5 gigawatt AI datacenter campus in Texas."
"The company estimates that the new facility will provide about a gigawatt of leasable capacity, comparable to the output of a large nuclear reactor, contingent on securing sufficient power."
"Core Scientific has already secured an additional 300 megawatts of power from the local utility and is considering a scalable behind-the-meter solution to enhance energy supply."
"Major tech companies like Google, Oracle, and AWS are investing in non-traditional energy solutions, including small modular reactors, to support their AI initiatives."
Core Scientific plans to transform its 300-megawatt bitcoin mining operation in Pecos, Texas, into a 1.5 gigawatt AI datacenter campus. The company aims to sell $3.3 billion in junk bonds to support this transition. Construction of the new facility began earlier this year, with the first data hall expected to be operational by early 2027. Core Scientific has secured an additional 300 megawatts of power and is exploring scalable power solutions to ensure adequate energy supply for the datacenter.
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