Core Scientific Announces Expansion of Denton Data Center, Increasing Operational Infrastructure to 197 MW by Q2 2024
Core Scientific, a leader in bitcoin mining and application-specific digital infrastructure, is set to expand its operational infrastructure at its Denton data center in Texas. The completion of partially built structures will increase the total operational infrastructure to 197 MW, with the total Company-owned infrastructure reaching 817 MW.
The expansion project is expected to be completed by the end of the second quarter of 2024. This move highlights the strategic advantage of owning and controlling infrastructure and having access to power.
Core Scientific’s CEO, Adam Sullivan, emphasized the importance of owning and controlling infrastructure, stating that it provides strategic flexibility to expand mining capacity, deploy upgrades to their technology stack, and optimize efficiency.
The company currently operates 125 MW of bitcoin mining at the Denton data center, with a total contracted power of approximately 300 MW. Additionally, Core Scientific owns 372 MW of partially built infrastructure at its Texas data centers, with plans to complete the expansion program to deliver more mining hash rate.
The expansion program aims to deliver more than 20 additional exahash of mining hash rate at an average incremental cost of approximately $200,000 per megawatt. This cost is significantly lower than the cost of new construction or asset acquisition.
Core Scientific’s data centers are designed to host alternative forms of compute, with over 500 MW of operational bitcoin mining infrastructure qualified for this purpose. The company believes that converting some of its bitcoin mining infrastructure to alternative compute hosting is cost-effective and can be completed faster than new construction.
Overall, Core Scientific’s expansion project at the Denton data center underscores the company’s commitment to growth and innovation in the bitcoin mining and digital infrastructure space. With a focus on efficiency and strategic advantage, Core Scientific is positioning itself for success in the evolving landscape of high-value compute.
