Gate News message, April 28 — Bitcoin miner Core Scientific announced plans to convert its Pecos, Texas mining facility into a high-density AI colocation data center with a total power capacity of 1.5GW, of which approximately 1GW will be available for external lease. As part of the transformation, roughly 300MW of the site’s existing mining capacity will be reallocated to data center operations. The first data hall has completed foundation construction and entered the main building phase, with operations expected to commence in early 2027.
To support its expansion, Core Scientific has acquired over 200 acres of land in the area and secured more than $4 billion in total funding. The company is issuing $3.3 billion in senior secured notes and leveraging a $1 billion credit facility from Morgan Stanley. These funds will support data center construction across Texas, Georgia, North Carolina, and Oklahoma.
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