Core Scientific Expands Its Denton, Texas, Data Center to Power Artificial Intelligence-focused Cloud Provider CoreWeave

According to Core Scientific's Feb. 26 press release, the agreement adds 70 megawatts of contracted power, bringing the site's total critical information technology load to 260 MW.

Artificial intelligence (AI) and high-performance computing (HPC) cloud provider CoreWeave is expanding its partnership with core-mining and digital infrastructure provider Core Scientific to bring 70 MW of contracted power to the Denton, Texas, data center.

The partnership will add 70 MW of contracted power and bring the site's total critical information technology load to 260 MW, according to a press release by Core Scientific. Across six locations, CoreWeave now has 590 MW of infrastructure contracted with Core Scientific, reflecting the rising demand for AI and general processing unit-powered computing.

“We are proud to expand our partnership with CoreWeave, a leader in AI-focused cloud services, to provide cutting-edge digital infrastructure that will power the future of technology,” said Adam Sullivan, chief executive officer of Core Scientific. “By expanding our capacity in Denton, we’re building one of the largest GPU supercomputers in North America — reinforcing Core Scientific’s leadership in delivering high-density, high-performance digital infrastructure.”

Core Scientific has been shifting part of its computing resources toward AI as Bitcoin (BTC) miners look for alternative revenue sources amid higher energy costs and the 2024 halving event, which slashed miner rewards by half. The company is betting on AI and HPC as key drivers of growth, with billions in projected revenue from CoreWeave.

Over 12-year contract terms, the company expects $10.2 billion in total revenue. Under the agreement, Core Scientific will fund $104 million in capital expenditures, while CoreWeave will cover additional costs. The agreement’s two optional five-year renewal options will leave Core Scientific with a long-term stake in AI infrastructure.

The company plans to use 400 MW of its 1.3 gigawatts of contracted power for Bitcoin mining activities and 900 MW for HPC hosting. Core Scientific is also actively searching for new locations to increase its AI and cloud computing capabilities, aiming to strengthen its position as a significant player in the data center sector.