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

Bitcoin mining company Core Scientific announced the transformation of its Pecos, Texas mining site into a high-density AI-powered collaborative positioning data center, with a planned total power capacity of 1.5GW, of which approximately 1GW is available for lease. As part of the transformation, approximately 300MW of mining capacity will be reallocated for data center operations. The first data centre has completed its foundation construction and entered the main construction phase, with operations expected to begin in early 2027. To support its expansion plans, the company has acquired over 200 acres of land in the area and plans to raise over $4 billion through the issuance of $3.3 billion in senior secured notes and a previously secured $1 billion credit line from Morgan Stanley, to fund data center construction in Texas, Georgia, North Carolina, and Oklahoma. (Cointelegraph)