Core Scientific Plans Major Texas Data Center Expansion
Core Scientific Expansion and Stock Surge
Core Scientific Announces Major Expansion in Texas
Core Scientific, a company involved in data centers and bitcoin mining, saw its stock rise more than 11% in after-hours trading on Wednesday. The boost came after news of their ambitious plan to expand a data center located in Denton, Texas.
In collaboration with CoreWeave, Core Scientific's expansion, valued at $1.2 billion, is expected to support developments in artificial intelligence (AI) and high-performance cloud computing (HPC).
Increased Power Capacity
The expansion will add an additional 70 megawatts (MW) of contracted power to the Denton site, increasing the total critical IT load to roughly 260 MW, as stated by the company.
