Core Scientific plans 1.5GW AI data center in Texas

Core Scientific plans to scale its Texas operations into a 1.5 gigawatt artificial intelligence-focused data center campus. The company announced Monday it is developing its Pecos, Texas, site into a high-density colocation hub for AI workloads.

Of the planned capacity, about 1 gigawatt will be available for leasing. Roughly 300 megawatts currently used for Bitcoin mining at the site are being repurposed for data center operations. The first data hall has completed foundational work and advances to vertical construction, with initial capacity expected in early 2027.

Core Scientific secured an additional 300 megawatts of power under contract with its utility provider and acquired more than 200 acres of land to support the buildout. Last week, it announced plans to raise $3.3 billion through senior secured notes due 2031 for data center expansion across Georgia, Texas, North Carolina, and Oklahoma. This follows a $1 billion credit facility from Morgan Stanley in March.

"We continue to leverage our deep in-house expertise to differentiate how we build and scale next generation artificial intelligence infrastructure," CEO Adam Sullivan said. Core Scientific shares are up 44% year-to-date, per Yahoo Finance.