Core Scientific Acquires Texas Site for 285MW AI Data Center Campus

Core Scientific, Inc. (NASDAQ: CORZ) has acquired a 265-acre site in Hunt County, Texas, outside the Dallas–Fort Worth metro area, where it plans to develop a large-scale 285-megawatt data center campus designed to support artificial intelligence and high-performance computing workloads.

The project represents another step in the company’s broader transition from cryptocurrency mining toward AI infrastructure and colocation services, sectors experiencing rapid demand growth.

Expanding AI Data Center Infrastructure

The planned Texas campus will include multiple buildings capable of supporting high-density computing environments used for AI training, cloud services, and HPC workloads. Once fully built out, the campus could potentially scale to approximately 430MW of total power capacity.

Construction is expected to begin in the coming years, with initial operations targeted around 2027 and full development projected by 2029.

The site will also feature an on-site electrical substation, helping support the significant power requirements associated with modern AI data centers.

Growing Digital Infrastructure Platform

Core Scientific currently operates about 520MW of existing leasable data center capacity across multiple U.S. facilities. The company is working to expand that footprint significantly, with a development pipeline targeting up to 1.5 gigawatts of total capacity.

Existing facilities are located across several states including Texas, Georgia, North Carolina, Kentucky, Alabama, Oklahoma, and North Dakota.

AI Partnerships Driving Demand

Demand for AI infrastructure is a key driver behind the expansion. CoreWeave, an AI-focused cloud provider, has signed agreements to lease approximately 590MW of capacity across Core Scientific’s data center portfolio.

The company has also indicated it is exploring additional partnerships with hyperscale cloud providers, enterprise customers, and emerging AI infrastructure companies.

Shifting Revenue Model

While cryptocurrency mining remains part of its business, Core Scientific is increasingly generating revenue from AI and colocation services. In its most recent financial results, the company reported colocation revenue of $31.3 million, up from $8.5 million in the prior year.

The shift toward contracted infrastructure services could provide more stable and predictable revenue compared with crypto-driven earnings.

Investor Perspective

For investors, the Texas development highlights Core Scientific’s effort to reposition itself as a digital infrastructure provider serving the AI economy.

If completed as planned, the Hunt County campus could become a major hub for high-performance computing and AI workloads, supporting the company’s long-term growth strategy.

Bottom Line

The new Texas site marks a significant step in Core Scientific’s expansion into AI and HPC infrastructure. By developing a 285MW data center campus near Dallas, the company aims to capitalize on the rapidly increasing demand for power-intensive computing capacity driven by artificial intelligence.