CandleFocus Core Scientific Stock Surges After $1.2B Expansion of Data Center With CoreWeave
2025-02-27
Author: Content Editor
Data center and bitcoin mining company Core Scientific saw its stock surge more than 11% after announcing a $1.2 billion expansion of its data center in Denton, Texas. The expansion is a partnership with CoreWeave and aims to support artificial intelligence (AI) and high-performance cloud computing (HPC). The additional power will increase the full critical IT load to approximately 260 MW. Core Scientific is actively seeking additional sites to expand its hosting capacity, indicating the growing demand for data centers that can support AI and HPC machines.
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