Core Scientific has announced an expansion of $ 1.2 billion of its Denton, Texas, Data Center in partnership with Artificial Intelligence-Centenary Cloud Provider Kloud.
26 February according to core scientific Press releaseThe agreement adds 70 MW contracted power, leading to the site’s total important information technology load to 260 MW. Cross six places, Korwave now has a 590 MW infrastructure contracted with the core scientist, which reflects the increasing demand for AI and general processing unit-powered computing.
Core scientific CEO Edam Sulivan said that the expansion would strengthen the company’s position as a leader in the AI-centric digital infrastructure.
“By expanding our ability to Denton, we are building one of the largest GPU super computers in North America-the high density, high-demonstrations are strengthening the leadership of the core scientific in distributing digital infrastructure. ,
– Adam Sullivan, Core Scientific CEO
Core Scientific AI is changing part of its computing resources, as bitcoin (BTC) is looking for alternative revenue sources between high energy costs and 2024 halling events, which reduced Minor Rewards by half. With billions in an estimated cumulative revenue from coreweave, core is betting on AI and high-performance computing as key drivers of scientific development.
The company expects $ 10.2 billion in total revenue on 12 -year contract terms. Under the agreement, the core will fund a $ 104 million in scientific capital expenditure, while the Korwave will cover the additional costs. The core scientific will have a long -term stake in the AI Infrastructure, thanks to the two optional five -year renewal options of the agreement.
The company intends to use its 1.3 gigawatts of contracted power for bitcoin mining activities and 400 MW of 900 MW for HPC hosting. To strengthen his position as an important player in the data center sector, the core scientific is also actively looking for new locations to enhance its AI and cloud computing capabilities.
