Core Scientific Repurposes Pecos, Texas Campus Into 1.5-Gigawatt AI Data Center Hub

Core Scientific is shifting from Bitcoin mining toward artificial intelligence data centers by repurposing its Pecos, Texas campus, aiming to scale the site to “approximately 1.5 gigawatts (“GW”) of gross power, or approximately 1.0 GW of leasable power,” according to a Business Wire announcement.

“Table of Contents Core Scientific continues its aggressive expansion into artificial intelligence infrastructure by transforming its Pecos, Texas facility into a substantial data center operation”

Blockonomi

The company said that “300 megawatts (“MW”) of gross power capacity are currently used for bitcoin mining” and that it has begun transforming the Pecos campus “into a data center campus for AI infrastructure.”

Blockonomi

Multiple outlets tie the plan to a broader “1.5GW data center push,” with Cointelegraph reporting that Core Scientific “has also secured an additional 300 megawatts of power under contract with its utility provider.”

Cryptonews.net likewise describes the Pecos site as being developed “into a high-density colocation hub designed to support AI workloads amid rising demand for computing infrastructure,” and it says “about 1 GW is expected to be available for leasing.”

The company also said “The first data hall has completed foundational work and is moving into vertical construction,” and Cryptonews.net adds that “initial capacity expected in early 2027.”

In the same thread of reporting, Cointelegraph says the company plans to raise “$3.3 billion through senior secured notes due 2031” to fund data center expansion across “Georgia, Texas, North Carolina and Oklahoma.”

Core Scientific’s AI campus plan is built around power capacity, land acquisition, and a staged construction timeline.

In its Business Wire release, the company said it “has also developed a plan utilizing a scalable behind-the-meter solution, not included in its previously announced leasable power pipeline, that is expected to provide significant additional capacity.”

bloomingbit

The company added that “Core Scientific has secured more than 200 acres of land” to support the expansion, and Cointelegraph similarly reports that “Core Scientific said it has acquired more than 200 acres of land in the area.”

Cryptonews.net describes the transition as including both repurposing and construction progress, stating that “roughly 300 megawatts currently used for Bitcoin mining at the site are being repurposed for data center operations” and that “the first data hall has completed foundational work and is moving into vertical construction.”

It also provides a specific schedule expectation, saying “initial capacity expected in early 2027,” while the Business Wire release says “initial capacity still expected in early 2027.”

Cointelegraph adds that the company’s plan includes “further expansion through a behind-the-meter solution,” and it reports that Core Scientific “outlined plans for further expansion through a behind-the-meter solution.”

Core Scientific’s pivot is presented as both an operational shift and a financing-driven buildout, with Adam Sullivan positioned as the central voice.

“Core Scientific is pushing deeper into AI infrastructure as it converts its Pecos, Texas site into a major data center campus”

CoinCentral

In the Business Wire release, Sullivan said, “We continue to leverage our deep in-house expertise to differentiate how we build and scale next generation artificial intelligence infrastructure, further illustrated by our behind-the-meter solution at our Pecos campus,” and he added, “By expanding in a market where we already control power, infrastructure, and operations, we can execute with speed to meet market demand.”

Cointelegraph reports that the company’s financing plan includes raising “$3.3 billion through senior secured notes due 2031” and that the move follows “a separate $1 billion credit facility secured from Morgan Stanley in March.”

Cryptonews.net echoes the same capital raising sequence, stating that “Last week, the company also announced plans to raise $3.3 billion through senior secured notes due 2031” and that it follows “a separate $1 billion credit facility secured from Morgan Stanley in March.”

The Business Wire release also describes the funding approach in terms of the company’s “multi-tiered strategy to scale its Pecos, Texas campus,” and it ties the expansion to the secured power and land.

It says “The site is currently available for lease, with initial capacity still expected in early 2027,” and it states that “Core Scientific has secured an incremental 300 MW of gross power capacity under contract with its utility provider.”

While the underlying facts of the Pecos AI campus are consistent across coverage, outlets emphasize different angles—ranging from investor movement to infrastructure mechanics.

Cointelegraph frames the shift as part of a broader “crypto-era infrastructure quietly became AI’s backbone” narrative and notes that “other miners are also exploring alternative revenue streams as mining margins tighten, with a focus on AI,” listing “Hive, Hut 8, TeraWulf and Iren” as repurposing mining facilities into data centers.

CoinDesk

Cryptonews.net foregrounds the operational buildout, saying “the company said it is developing its Pecos, Texas, site into a high-density colocation hub designed to support AI workloads” and that “the first data hall has completed foundational work.”

In contrast, Blockonomi and CoinCentral focus on stock-market reaction, with Blockonomi reporting that “Core Scientific finished the previous session at $21.10, gaining 1.10%, but retreated to $20.95 during pre-market hours,” and CoinCentral similarly stating “Core Scientific shares closed at $21.10, up 1.10%, before slipping to $20.95 in pre-market trading.”

The Register adds a different tone by describing the move as “convert a 300-megawatt bitcoin mining operation in Pecos, Texas, to an 1.5 gigawatt AI datacenter campus” and by noting that Core Scientific “plans to supplement that with some kind of "scalable behind-the-meter solution."”

w.media, meanwhile, highlights the CEO’s quote and construction details, stating that “precast concrete walls are being delivered as construction moves into vertical build-out.”

The Core Scientific announcement is also presented as part of a wider industry pivot from mining toward AI and high-performance computing infrastructure, with multiple outlets naming other companies and deals.

“Core Scientific shares are up 44% YTD”

Cointelegraph

Cointelegraph says “In February, MARA Holdings acquired a 64% stake in French infrastructure company Exaion, expanding into AI services,” and it adds that “other miners, including Hive, Hut 8, TeraWulf and Iren, are also repurposing mining facilities into data centers.”

Cointelegraph

Cryptonews.net repeats the same pattern, stating that “MARA Holdings acquired a 64% stake in French infrastructure company Exaion” and that “Hive, Hut 8 and TeraWulf and Iren” are converting mining facilities into data centers.

The Register points to other “crypto-to-AI bandwagon” converts, mentioning “CoreWeave” and “Crusoe” as “two of the most recognizable converts in the field.”

Cointelegraph also ties Core Scientific’s expansion to other industrial conversions, reporting that “Alcoa is close to selling its long-dormant Massena East smelter in upstate New York to Bitcoin mining firm NYDIG” and that the plant “has sat unused since 2014.”

It further reports that “Century Aluminum also sold its Hawesville smelter in Kentucky for $200 million to crypto miner TeraWulf,” which “plans to convert it into a high-performance computing and AI facility.”