Core Scientific is doubling down on its Denton, Texas, data center, announcing a $1.2 billion expansion in cahoots with CoreWeave, a cloud provider laser-focused on artificial intelligence. According to a February 26 press release, the deal tacks on 70 megawatts of power, juicing the site’s total IT load to 260 MW. That’s just one piece of the puzzle—across six locations, CoreWeave’s now got 590 MW locked in with Core Scientific, a sign of the skyrocketing hunger for AI and GPU-driven computing.
CEO Adam Sullivan’s pumped about it. “By beefing up Denton, we’re crafting one of North America’s biggest GPU supercomputers,” he said. “It’s a flex that cements Core Scientific as a top dog in high-octane digital infrastructure.” They’re not just resting on their Bitcoin mining laurels—after the 2024 halving slashed miner rewards and energy costs kept climbing, the company’s pivoting hard into AI and high-performance computing (HPC) to keep the cash flowing.
The numbers are eye-popping: Core Scientific’s banking on $10.2 billion in revenue over 12-year contracts with CoreWeave. They’re footing $104 million of the upfront bill, with CoreWeave picking up the rest. Plus, two optional five-year extensions mean they’re in the AI game for the long haul. Of their 1.3 gigawatts of contracted power, 400 MW will keep the Bitcoin rigs humming, while 900 MW gets earmarked for HPC hosting.
This isn’t a one-and-done deal either. Core Scientific’s already scouting fresh spots to crank up its AI and cloud muscle Core Scientific is also hunting for new digs to boost its AI and cloud muscle, aiming to lock in its spot as a heavy hitter in the data center world. With billions on the line from CoreWeave, they’re betting big that AI’s the future—and they intend to lead it.
