Core Scientific invests $6.1B in AI data hub at Denton campus
Core Scientific is transforming its Denton, Texas, campus into a $6.1 billion data center hub dedicated to artificial intelligence (AI) workloads.
This pivot marks a strategic shift from Bitcoin (CRYPTO:BTC) mining to AI-driven computing, reflecting the growing demand for stable, long-term revenue in high-performance data processing.
The Denton expansion includes revised lease agreements and power contracts with the city, increasing Core Scientific’s power allocation from 297 megawatts to 394 megawatts.
CEO Adam Sullivan highlighted plans to host one of North America's largest GPU supercomputers at the site, positioning the company as a leader in the AI data center space.
The expansion aligns with similar diversification strategies by other crypto-mining firms, such as Terawulf and Bit Digital, amid the AI boom.
The Denton City Council approved the addition of 47 acres to Core Scientific's lease, bringing its total campus area to 78 acres.
The project is expected to create 130 to 300 full-time jobs, offering salaries averaging between $70,000 and $75,000 annually.
Core Scientific is also seeking state-level incentives to offset operational costs.
This development follows Core Scientific’s emergence from bankruptcy in January.
By leveraging its existing infrastructure for AI applications, the company aims to secure long-term growth while maintaining limited Bitcoin mining operations.
Current AI client contracts, including agreements with Coreweave, total $8.7 billion over the next 12 years.
However, concerns about the energy-intensive nature of AI data centers persist among local officials.
As demand for AI and data infrastructure continues to surge, discussions over balancing economic development with resource management remain critical.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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