Core Scientific to Build 300MW Blockchain Data Center in Texas
The new data center will increase Core’s total power capacity to more than 800MW.
Oct 7, 2021 at 4:49 p.m. UTCUpdated May 11, 2023 at 6:01 p.m. UTC
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Core Scientific, the blockchain hosting and digital asset mining company, is building a new 300- megawatt (MW) blockchain data center in Denton, Texas.
- The company is building the data center using “emissions-free power supplemented by renewable energy credits.”
- “When completed, the new Denton data center will increase the company’s total power capacity to more than 800MW while remaining 100% net carbon-neutral,” the company said in a statement on Thursday.
- The expansion is a part of a development collaboration with privately held Tenaska Energy, which will provide development and power management services for the facility and serve as energy advisor.
- Core is planning to go public via a special purpose acquisition company (SPAC) with Power & Digital Infrastructure Acquisition Corp.
- Recently, crypto mining firm Argo Blockchain said that it agreed to buy 20,000 mining machines for the data center it is building in West Texas. Argo said that by choosing the Texas location, it has been able to secure access to some of the “cheapest renewable energy worldwide.”
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Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets