Core Scientific, in partnership with CoreWeave, announced a major expansion of the Denton data center to strengthen its position in AI and HPC infrastructure.
Expansion Details
The data center expansion will add 70 megawatts of contracted power, bringing the site's total IT load to 260 megawatts. CoreWeave has secured 590 megawatts of infrastructure with Core Scientific across six locations, highlighting the increasing demand for AI-driven and GPU-powered computing.
Financial and Strategic Aspects
The expansion will generate $10.2 billion in revenue over the 12-year contract. Core Scientific will invest $104 million in capital expenditures, while CoreWeave will cover the remaining costs. Additionally, the contract includes two optional five-year renewal terms, securing Core Scientific’s long-term foothold in AI infrastructure.
Future Plans and Innovations
Bitcoin mining remains a core part of Core Scientific’s operations, and the company plans to allocate 400 MW of its 1.3-gigawatt contracted power for mining activities, while 900 MW will be devoted to HPC hosting. To further expand its AI and cloud computing capabilities, Core Scientific is actively exploring new locations. Notably, Core Scientific is joining Tether in adopting AI-driven innovations to enhance the crypto user experience.
The expansion of the Denton data center confirms Core Scientific’s strategic intent to strengthen its position in AI and HPC infrastructure while continuing to actively engage in cryptocurrency mining.
