Core Scientific Expands AI Infrastructure With 1.5GW Texas Data Center Project

Bitcoin mining company Core Scientific is shifting its strategy toward artificial intelligence infrastructure by developing a large-scale data center campus in Pecos. The facility is expected to deliver up to 1.5 gigawatts (GW) of gross power capacity, with approximately 1 GW available for lease to support high-performance AI computing demand.

As part of the transition, about 300 megawatts (MW) of existing Bitcoin mining capacity at the site will be repurposed into high-density colocation infrastructure. The first data hall has completed foundational work and is entering vertical construction, with initial capacity scheduled to come online in early 2027.

Expansion Backed by Land Acquisition and Financing Plans

To support development, Core Scientific has acquired more than 200 acres of land around the Pecos site and secured an additional 300 MW of contracted power from its utility provider. The company also outlined plans for further growth through a behind-the-meter power solution.

Funding efforts include plans to raise $3.3 billion in senior secured notes due 2031, following a $1 billion credit facility from Morgan Stanley secured earlier this year.

Crypto Mining Industry Moves Toward AI Diversification

Other mining firms are pursuing similar strategies. MARA Holdings acquired a 64% stake in French infrastructure firm Exaion in February to expand AI services. Companies such as Hive, Hut 8, TeraWulf, and Iren are also repurposing mining facilities into data centers as mining margins tighten.