Core Scientific Plans 1.5 GW AI Data Center Conversion at Texas Bitcoin Mining Site

Core Scientific plans to repurpose its bitcoin mining facility in Pecos, Texas, into a high-density AI colocation data center, Cointelegraph reported. The company is targeting total power capacity of 1.5 GW, with about 1 GW expected to be available for lease. As part of the shift, roughly 300 MW of the site's existing mining capacity will be reassigned to data center operations. The first data hall has finished foundation work and has moved into the main construction phase, with an initial opening slated for early 2027. To support the buildout, Core Scientific has acquired more than 200 acres locally and outlined plans to raise over $4 billion. The funding package includes $3.3 billion in senior secured notes and a $1 billion credit facility previously secured from Morgan Stanley, to advance data center projects across Texas, Georgia, North Carolina, and Oklahoma.