Core Scientific has announced plans to convert its Pecos, Texas Bitcoin mining site into a large-scale artificial intelligence data center campus. The project is expected to reach up to 1.5 gigawatts of gross power capacity, with approximately 1 gigawatt available for leasing. The company will repurpose about 300 megawatts currently used for Bitcoin mining to support high-density colocation services for AI workloads.
The first data hall has completed foundation work, and vertical construction is now starting. Early capacity is expected to come online in 2027. CEO Adam Sullivan stated, 'We continue to leverage our deep in-house expertise to differentiate how we build and scale next generation artificial intelligence infrastructure.'
To support the expansion, Core Scientific has secured an additional 300 megawatts of power under contract with its utility provider and plans to expand through a behind-the-meter power solution. The company also acquired more than 200 acres of land near the Pecos site. Last week, Core Scientific announced plans to raise $3.3 billion through senior secured notes due in 2031 to fund data center expansion in Georgia, Texas, North Carolina, and Oklahoma.
This move reflects a broader industry trend as Bitcoin miners face tighter margins from rising energy costs and changing market conditions. MARA Holdings, Hive, Hut 8, TeraWulf, and Iren have also pursued similar conversions of mining facilities into AI and high-performance computing data centers.
