Core Scientific to Repurpose Pecos, Texas Bitcoin Mine as 1.5-GW AI Colocation Data Center

Bitcoin mining firm Core Scientific will convert its Pecos, Texas facility into a high-density AI colocation data center, targeting total power capacity of 1.5 GW, the company said, according to Cointelegraph. About 1 GW is expected to be available for third-party leasing. Core Scientific plans to reallocate roughly 300 MW of the site's former mining capacity to support data center operations. Foundation work for the first data hall has been completed, with initial operations projected to begin in early 2027. To support the buildout, the company has acquired more than 200 acres locally and plans to raise over $4 billion, including $3.3 billion in senior secured notes and a previously secured $1 billion credit facility from Morgan Stanley. Proceeds are intended to fund data center development across Texas, Georgia, North Carolina, and Oklahoma.