Core Scientific Announces Approval of Lease Amendments with the City of Denton to Enable High-Performance Computing Expansion
Core Scientific (Nasdaq: CORZ) announced the Denton City Council's approval of amendments to its Power Purchase Agreements and land leases. The changes expand the company's leased land from 31 to 78 acres and increase power access from 297 to 394 megawatts. The expansion is expected to bring a $6.1 billion real property investment. The company plans to host one of North America's largest GPU supercomputers for AI computing at the Denton facility. Core Scientific currently operates nine data centers across six states, with an additional center under development in Oklahoma.
Core Scientific (Nasdaq: CORZ) ha annunciato l'approvazione da parte del Consiglio Comunale di Denton delle modifiche ai suoi Contratti di Acquisto di Energia e alle concessioni di terra. Le modifiche espandono la superficie affittata dall'azienda da 31 a 78 acri e aumentano l'accesso all'energia da 297 a 394 megawatt. Si prevede che l'espansione porterà a un investimento in beni immobili di 6,1 miliardi di dollari. L'azienda intende ospitare uno dei più grandi supercomputer GPU per il calcolo AI dell'America del Nord presso la sede di Denton. Core Scientific attualmente opera nove centri dati in sei stati, con un ulteriore centro in fase di sviluppo in Oklahoma.
Core Scientific (Nasdaq: CORZ) anunció la aprobación por parte del Concejo Municipal de Denton de enmiendas a sus Acuerdos de Compra de Energía y arrendamientos de tierras. Los cambios expanden la tierra arrendada de la compañía de 31 a 78 acres y aumentan el acceso a la energía de 297 a 394 megavatios. Se espera que la expansión traiga una inversión inmobiliaria de 6,1 mil millones de dólares. La empresa planea albergar uno de los superordenadores GPU más grandes de América del Norte para computación AI en la instalación de Denton. Core Scientific actualmente opera nueve centros de datos en seis estados, con un centro adicional en desarrollo en Oklahoma.
코어 사이언티픽(Core Scientific, Nasdaq: CORZ)은 덴튼 시의회가 전력 구매 계약 및 토지 임대 수정안에 대한 승인을 발표했다고 밝혔습니다. 이번 변경으로 회사의 임대 토지는 31에이커에서 78에이커로 확장되며, 전력 접근은 297메가와트에서 394메가와트로 증가합니다. 이번 확장은 61억 달러의 부동산 투자를 가져올 것으로 예상됩니다. 회사는 덴튼 시설에서 AI 컴퓨팅을 위한 북미 최대의 GPU 슈퍼컴퓨터 중 하나를 호스팅할 계획입니다. 코어 사이언티픽은 현재 6개 주에서 9개의 데이터 센터를 운영하고 있으며, 오클라호마에서 추가 센터가 개발 중입니다.
Core Scientific (Nasdaq: CORZ) a annoncé l'approbation par le Conseil Municipal de Denton des modifications apportées à ses Contrats d'Achat d'Électricité et à ses baux fonciers. Les changements étendent la superficie louée de l'entreprise de 31 à 78 acres et augmentent l'accès à l'énergie de 297 à 394 mégawatts. L'expansion devrait entraîner un investissement immobilier de 6,1 milliards de dollars. L'entreprise prévoit d'accueillir l'un des plus grands supercalculateurs GPU pour le calcul AI en Amérique du Nord dans l'installation de Denton. Core Scientific exploite actuellement neuf centres de données dans six États, avec un centre supplémentaire en cours de développement en Oklahoma.
Core Scientific (Nasdaq: CORZ) gab die Genehmigung des Stadtrats von Denton für Änderungen an seinen Stromkaufverträgen und Pachtverträgen bekannt. Die Änderungen erweitern die gepachtete Fläche des Unternehmens von 31 auf 78 Acres und erhöhen den Zugang zur Energie von 297 auf 394 Megawatt. Es wird erwartet, dass die Erweiterung eine Investition in Immobilien von 6,1 Milliarden Dollar mit sich bringt. Das Unternehmen plant, einen der größten GPU-Supercomputer für KI-Computing in Nordamerika in der Einrichtung in Denton unterzubringen. Core Scientific betreibt derzeit neun Rechenzentren in sechs Bundesstaaten, wobei sich ein weiteres Zentrum in Entwicklung in Oklahoma befindet.
- Significant expansion of leased land by 47 acres
- Power capacity increase of 97 megawatts
- Projected $6.1 billion real property investment
- Strategic expansion into AI computing infrastructure
- None.
Insights
The lease amendments with Denton mark a significant strategic expansion, increasing Core Scientific's land footprint by
The expansion in Denton complements CORZ's existing portfolio of nine operational data centers across six states, with another under development in Oklahoma. This geographic diversification helps mitigate operational risks while the increased power capacity specifically targets the high-margin GPU computing market for AI applications, marking a strategic pivot from traditional bitcoin mining infrastructure.
The municipal partnership and power purchase agreement amendments provide CORZ with predictable operational costs and scalability advantages in the competitive high-performance computing sector. This pivot towards AI infrastructure could significantly improve profit margins compared to bitcoin mining operations.
Company growth continues in support of high-performance compute customers
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Under the original agreement, Core Scientific leased approximately 31 acres of city-owned land and had access to 297 megawatts (MW) of power. The
“Denton’s balanced economic strategy not only drives immediate growth but builds resilience, and Core Scientific’s continued investment in our community is a testament to our city’s appeal,” said City Manager Sara Hensley. “Their decision to expand operations here in
Core Scientific currently operates nine data centers in six different states—Alabama,
About Core Scientific, Inc.
Core Scientific, Inc. (“Core Scientific” or the “Company”) is a leader in digital infrastructure for bitcoin mining and high-performance computing. We operate dedicated, purpose-built facilities for digital asset mining and are a premier provider of digital infrastructure to our third-party customers. We employ our own large fleet of computers (“miners”) to earn digital assets for our own account and to provide hosting services for large bitcoin mining customers and we are in the process of allocating and converting a significant portion of our nine operational data centers in
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This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company's ability to scale, and grow its business and execute on its growth plans and hosting contracts, source clean and renewable energy, the advantages, and expected growth, and anticipated future revenue of the Company, and the Company's ability to source and retain talent. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "aim," "estimate," "plan," "project," "forecast," "goal," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our ability to earn digital assets profitably and to attract customers for our digital asset and high performance compute hosting capabilities; our ability to perform under our existing colocation agreements, our ability to maintain our competitive position in our existing operating segments, the impact of increases in total network hash rate; our ability to raise additional capital to continue our expansion efforts or other operations; our need for significant electric power and the limited availability of power resources; the potential failure in our critical systems, facilities or services we provide; the physical risks and regulatory changes relating to climate change; our vulnerability to physical security breaches, which could disrupt our operations; a potential slowdown in market and economic conditions, particularly those impacting high performance computing, the blockchain industry and the blockchain hosting market; the identification of material weaknesses in our internal control over financial reporting; price volatility of digital assets and bitcoin in particular; potential changes in the interpretive positions of the SEC or its staff with respect to digital asset mining firms; the increasing likelihood that
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FAQ
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