TLDR
- Core Scientific turns Pecos site into a 1.5GW AI data center campus
- CORZ slips pre-market despite major Pecos AI infrastructure expansion
- Core Scientific shifts Bitcoin mining power toward AI data services
- Pecos campus expansion supports Core Scientific’s AI revenue strategy
- CORZ targets high-density AI demand with larger Texas power capacity
Core Scientific is pushing deeper into AI infrastructure as it converts its Pecos, Texas site into a major data center campus. The move comes as CORZ stock cooled in pre-market trading after a stronger regular session. The project places the former Bitcoin mining hub inside the fast-growing market for high-density computing space. Core Scientific shares closed at $21.10, up 1.10%, before slipping to $20.95 in pre-market trading. The 0.71% pre-market decline showed early weakness after the prior session’s gain.
Core Scientific Expands Pecos Site for AI Workloads
Core Scientific said the Pecos campus could scale to about 1.5 gigawatts of gross power capacity. The company expects nearly 1 gigawatt of that total to support leasable data center services. Besides, the site will focus on high-density colocation for artificial intelligence workloads.
The company already uses 300 megawatts of power at Pecos for Bitcoin mining. Core Scientific now plans to shift that capacity toward AI data center operations. The change reflects a wider move by mining firms toward more stable infrastructure revenue.
Construction has also moved forward at the first data hall. Core Scientific said foundation work has been completed, and vertical construction is now starting. The company still expects early site capacity to become available in 2027.
Power Deals and Land Add Scale to the Campus
Core Scientific has secured another 300 megawatts of gross power capacity under contract with its utility provider. The company also plans to use a behind-the-meter power solution for more expansion. Hence, the Pecos campus could grow beyond its earlier leasable power pipeline.
The company acquired more than 200 acres of land near the Pecos site. That land gives Core Scientific more room to build a wider AI data center campus. The location supports expansion where the company already controls operations and infrastructure.
Core Scientific also plans to raise $3.3 billion through senior secured notes due in 2031. The company plans to fund data center expansion across Georgia, Texas, North Carolina, and Oklahoma. Consequently, the Pecos project forms part of a broader national infrastructure push.
Bitcoin Miners Shift Toward AI Data Centers
Core Scientific built most of its business around digital asset mining. Bitcoin mining margins have tightened due to rising power costs and shifting market conditions. As a result, miners have started using large power sites for AI and high-performance computing.
Several mining companies have followed the same path. MARA Holdings expanded into AI services through its Exaion stake in February. Hive, Hut 8, TeraWulf and Iren have also moved mining facilities toward data center use.
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