Core Scientific is converting a 300-megawatt bitcoin mining operation in Pecos, Texas into a 1.5-gigawatt AI datacenter campus, securing $3.3 billion in bond financing. The first data hall is expected online in early 2027, with approximately 1 gigawatt of leasable capacity at full completion. This marks a major pivot in the industry trend of cryptocurrency miners transitioning to AI infrastructure.
Infrastructure
The crypto-to-AI bandwagon jumpers' club just landed another member: Core Scientific
Core Scientific secures $3.3B in bond financing to convert its 300MW bitcoin mining facility in Texas into a 1.5GW AI datacenter, exemplifying the broader crypto-to-AI infrastructure pivot accelerating across the industry.
Monday, April 27, 2026 12:00 PM UTC2 MIN READSOURCE: The RegisterBY sys://pipeline
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