CandleFocus From Bitcoin to AI: Core Scientific’s $6.1 Billion Denton Transformation
2024-11-22
Author: Content Editor
Core Scientific, a cryptocurrency mining company, is transforming its mining campus in Denton, Texas into a $6.1 billion data center hub for artificial intelligence (AI) workloads. The company is shifting its focus from bitcoin mining to AI data processing due to the increasing demand for AI-driven computing. Core Scientific has secured access to 394 megawatts of power, an upgrade from the previous allocation of 297 megawatts, through revised lease agreements and power contracts with the city of Denton. This expansion aligns with the company's strategy to allocate more of its data centers to AI applications, with plans to host one of North America's largest GPU supercomputers. The move reflects a trend among bitcoin mining companies adapting to the AI boom. Despite the financial opportunities, concerns over the energy-intensive nature of such projects remain.
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