Core Scientific and CoreWeave are expanding operations in Texas with a $1.2 billion deal, reinforcing the state's role as a tech and crypto mining center.
Expanding Capabilities in Texas
The agreement includes a 70 megawatt power increase at the Denton facility, bringing the total capacity to 260 megawatts. Expected revenue growth of $10.2 billion over 12 years underscores the partners' confidence.
Core Scientific and CoreWeave Synergy
Partnering with CoreWeave, Core Scientific diversifies its revenue streams, while CoreWeave gains scalability for its cloud offerings. The collaboration maximizes infrastructure utilization and financial stability.
Texas: An Attractive Data Center Hub
Texas is emerging as a prime location for data centers due to affordable energy, a favorable business environment, and ample land availability, solidifying its role in tech and crypto mining growth.
The $1.2 billion expansion underscores Texas's significance as a digital infrastructure hub, predicting growth in crypto mining and HPC through strategic partnerships and state advantages.
