Core Scientific Announces Expansion into Auburn, Alabama with New High-Performance Computing Facility
Core Scientific (NASDAQ: CORZ) announced its expansion into Auburn, Alabama, with a new high-performance computing facility. The data center, housed within the existing AUBix facility, will launch with a 16-megawatt capacity and potential for expansion.
The company plans an initial investment of $135 million, with total project investment expected to exceed $400 million, including capital expenditures from future partners. Core Scientific has leased the building with plans to execute a purchase option and retained all 11 full-time employees, with plans to increase the workforce to a minimum of 20.
The Auburn facility joins Core Scientific's network of nine data centers across six states—Alabama, Georgia, Kentucky, North Carolina, North Dakota, and Texas—with an additional facility under development in Oklahoma. Local officials project the investment will generate approximately $1.5 million in annual tax revenue for Auburn's schools and public services.
Core Scientific (NASDAQ: CORZ) ha annunciato la sua espansione ad Auburn, Alabama, con una nuova struttura di calcolo ad alte prestazioni. Il centro dati, situato all'interno dell'esistente struttura AUBix, sarà avviato con una capacità di 16 megawatt e potenziale di espansione.
L'azienda prevede un investimento iniziale di 135 milioni di dollari, con un investimento totale del progetto che dovrebbe superare i 400 milioni di dollari, inclusi le spese in conto capitale da parte di futuri partner. Core Scientific ha affittato l'edificio con piani per eseguire un'opzione di acquisto e ha mantenuto tutti e 11 i dipendenti a tempo pieno, con piani per aumentare la forza lavoro a un minimo di 20.
La struttura di Auburn si unisce alla rete di Core Scientific di nove centri dati in sei stati: Alabama, Georgia, Kentucky, Carolina del Nord, Dakota del Nord e Texas, con un ulteriore impianto in fase di sviluppo in Oklahoma. I funzionari locali prevedono che l'investimento genererà circa 1,5 milioni di dollari in entrate fiscali annuali per le scuole e i servizi pubblici di Auburn.
Core Scientific (NASDAQ: CORZ) anunció su expansión a Auburn, Alabama, con una nueva instalación de computación de alto rendimiento. El centro de datos, ubicado dentro de la instalación existente AUBix, se lanzará con una capacidad de 16 megavatios y potencial de expansión.
La compañía planea una inversión inicial de 135 millones de dólares, con una inversión total del proyecto que se espera supere los 400 millones de dólares, incluidos los gastos de capital de futuros socios. Core Scientific ha alquilado el edificio con planes de ejecutar una opción de compra y ha mantenido a los 11 empleados a tiempo completo, con planes de aumentar la fuerza laboral a un mínimo de 20.
La instalación de Auburn se une a la red de Core Scientific de nueve centros de datos en seis estados: Alabama, Georgia, Kentucky, Carolina del Norte, Dakota del Norte y Texas, con una instalación adicional en desarrollo en Oklahoma. Los funcionarios locales proyectan que la inversión generará aproximadamente 1.5 millones de dólares en ingresos fiscales anuales para las escuelas y servicios públicos de Auburn.
코어 사이언티픽 (NASDAQ: CORZ)는 앨라배마주 오번으로의 확장을 발표하며 새로운 고성능 컴퓨팅 시설을 오픈합니다. 데이터 센터는 기존 AUBix 시설 내에 위치하며, 16메가와트의 용량으로 시작하고 확장 가능성이 있습니다.
회사는 1억 3천 5백만 달러의 초기 투자를 계획하고 있으며, 총 프로젝트 투자액은 4억 달러를 초과할 것으로 예상되며, 이는 향후 파트너로부터의 자본 지출을 포함합니다. 코어 사이언티픽은 건물을 임대하였으며 구매 옵션을 실행할 계획이며, 11명의 정규직 직원을 유지하고 있으며, 최소 20명으로 인력을 늘릴 계획입니다.
오번 시설은 앨라배마, 조지아, 켄터키, 노스캐롤라이나, 노스다코타, 텍사스 등 6개 주에 걸쳐 있는 9개의 데이터 센터 네트워크에 합류하며, 오클라호마에서 추가 시설이 개발 중입니다. 지역 관계자들은 이 투자가 오번의 학교와 공공 서비스에 대해 연간 약 150만 달러의 세수 수익을 창출할 것으로 예상하고 있습니다.
Core Scientific (NASDAQ: CORZ) a annoncé son expansion à Auburn, en Alabama, avec une nouvelle installation de calcul haute performance. Le centre de données, situé dans l'installation existante d'AUBix, sera lancé avec une capacité de 16 mégawatts et un potentiel d'expansion.
L'entreprise prévoit un investissement initial de 135 millions de dollars, avec un investissement total du projet qui devrait dépasser 400 millions de dollars, y compris les dépenses en capital des futurs partenaires. Core Scientific a loué le bâtiment avec des plans pour exécuter une option d'achat et a conservé tous les 11 employés à temps plein, avec des projets pour augmenter la main-d'œuvre à un minimum de 20.
La structure d'Auburn rejoint le réseau de Core Scientific de neuf centres de données répartis dans six États : Alabama, Géorgie, Kentucky, Caroline du Nord, Dakota du Nord et Texas, avec une installation supplémentaire en développement en Oklahoma. Les responsables locaux prévoient que l'investissement générera environ 1,5 million de dollars de revenus fiscaux annuels pour les écoles et les services publics d'Auburn.
Core Scientific (NASDAQ: CORZ) hat seine Expansion nach Auburn, Alabama, mit einer neuen Hochleistungsrechenzentrale angekündigt. Das Rechenzentrum, das in der bestehenden AUBix-Anlage untergebracht ist, wird mit einer Kapazität von 16 Megawatt starten und hat Potenzial zur Erweiterung.
Das Unternehmen plant eine anfängliche Investition von 135 Millionen Dollar, wobei die Gesamtkosten des Projekts voraussichtlich 400 Millionen Dollar übersteigen werden, einschließlich der Investitionen von zukünftigen Partnern. Core Scientific hat das Gebäude gepachtet und plant, eine Kaufoption auszuüben, und hat alle 11 Vollzeitmitarbeiter behalten, mit dem Ziel, die Belegschaft auf mindestens 20 zu erhöhen.
Die Auburn-Anlage reiht sich in das Netzwerk von Core Scientific mit neun Rechenzentren in sechs Bundesstaaten – Alabama, Georgia, Kentucky, North Carolina, North Dakota und Texas – ein, wobei eine weitere Einrichtung in Oklahoma entwickelt wird. Lokale Beamte prognostizieren, dass die Investition jährlich etwa 1,5 Millionen Dollar an Steuereinnahmen für die Schulen und öffentlichen Dienste in Auburn generieren wird.
- Initial investment of $135M with total project value of $400M
- Expansion adds 16MW capacity with room for growth
- Expected to generate $1.5M annual tax revenue
- Retention of existing workforce with planned expansion from 11 to 20 employees
- Option to purchase facility included in lease agreement
- Significant capital expenditure requirements
- Dependence on future partners for total investment completion
Insights
Core Scientific's $135 million initial investment in Auburn, with a planned total investment of
The selection of Auburn as the location for their tenth data center facility demonstrates strategic foresight in several key aspects:
- Power Infrastructure: The 16-megawatt capacity provides substantial computing power while allowing for future expansion, important for scaling with increasing AI workload demands.
- Geographic Advantage: Auburn's location complements Core Scientific's existing network across six states, optimizing data center distribution for enhanced service delivery and redundancy.
- Economic Efficiency: Alabama's pro-business environment and competitive power rates can contribute to favorable operating margins.
- Educational Synergy: Proximity to Auburn University creates opportunities for talent pipeline development and potential research collaborations.
The company's approach to acquiring the AUBix facility through a lease-to-purchase arrangement, while retaining all 11 existing employees and planning to expand to at least 20, indicates a thoughtful integration strategy that minimizes operational disruption while ensuring knowledge retention. The projected
This expansion is particularly timely given the exponential growth in AI computing requirements and enterprise digital transformation initiatives. Core Scientific's strategic positioning across multiple states, now including Alabama, enhances their ability to serve diverse client needs while maintaining geographical redundancy - a important factor for high-availability computing services.
The company’s data center platform growth continues in support of AI and enterprise customers
Core Scientific Data Center in
“Auburn represents an exciting new chapter for Core Scientific as we establish our presence in Alabama,” said Adam Sullivan, Core Scientific CEO. “This facility is expected to play a key role in our high-performance computing strategy, and we are grateful for the strong partnership and support from local and state leaders, including
The Core Scientific Auburn data center, housed within the existing AUBix facility, will launch with a capacity of 16 megawatts and has potential for further expansion. Core Scientific is planning to make an initial investment of approximately
In the process of becoming the operator of the Samford Avenue facility, Core Scientific has leased the building and is planning to execute an option to purchase. It has retained the facility’s 11 full-time employees as part of its commitment to the local workforce. The company plans to increase its team to a minimum of 20 full-time employees.
“Alabama has long been a pro-business state, and Core Scientific’s investment in
“Core Scientific’s expansion into
“We appreciate Core Scientific establishing a new operation here in
Core Scientific currently operates nine data centers across six states—Alabama,
About Core Scientific, Inc.
Core Scientific, Inc. (“Core Scientific” or the “Company”) is a leader in digital infrastructure for high-performance computing and digital asset mining. 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
FORWARD LOOKING STATEMENTS AND EXPLANATORY NOTES
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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