Core Scientific

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Core Scientific (Nasdaq: CORZ) is a US digital infrastructure company that leases high-density colocation space and power capacity to third-party customers — including AI cloud firm CoreWeave and, as of 2026, AMD — while also running its own Bitcoin mining and hosting Bitcoin mining for other miners. As of mid-2026 the company operates or is developing sites across roughly nine campuses in Texas, Oklahoma, Georgia, Kentucky, North Carolina, North Dakota, and Alabama, many of them former crypto-mining facilities being converted to high-density AI/HPC hosting. Notably, CoreWeave twice attempted to acquire Core Scientific outright (a 2024 all-cash bid and a 2025 all-stock deal worth roughly $9 billion), but Core Scientific shareholders rejected both, and the two companies instead remain locked into a large, multi-year hosting contract. Founded in 2017 as a Bitcoin-mining infrastructure firm, Core Scientific has since repositioned much of its footprint toward AI and high-performance computing colocation, converting former crypto sites and building new campuses aimed at gigawatt-scale power capacity for GPU hosting.

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Core Scientific has a confirmed data center presence at the following locations:

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Core Scientific Data Center Locations

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AI Data Centers

Several Core Scientific campuses are being purpose-built or converted specifically for AI and GPU workloads rather than crypto mining. The Muskogee, Oklahoma site, developed jointly with CoreWeave, is a 100MW facility designed to host NVIDIA GPU clusters for high-performance computing, with roughly 70MW of that dedicated to critical IT load. The Pecos, Texas campus is being converted from a 300MW Bitcoin-mining operation into an AI/HPC complex targeting up to 1.5 gigawatts of gross power, with first capacity expected in early 2027, while the Denton, Texas facility is undergoing a roughly $6.1 billion refurbishment turning a former crypto site into an AI hosting facility.

Common Questions

Does Core Scientific host GPUs for AI companies?

Yes. Core Scientific has signed large hosting contracts with CoreWeave (up to 500MW of critical IT capacity) and, as of a 2026 deal, with AMD (roughly 377MW directly leased across Pecos and Hunt County, Texas, and Muskogee, Oklahoma), with additional capacity going to an unnamed AMD-backed cloud provider in Auburn, Alabama and Dalton, Georgia.

Did CoreWeave buy Core Scientific?

No. CoreWeave proposed to acquire Core Scientific twice — a 2024 all-cash offer and a 2025 all-stock deal worth about $9 billion — but Core Scientific shareholders rejected both, most recently voting down the merger on October 30, 2025, after activist investor Two Seas Capital argued the deal undervalued the company.

Where are Core Scientific's data centers located?

As of 2026 Core Scientific's facilities span Texas (Austin, Denton, Pecos, and Hunt County), North Dakota (Grand Forks), Kentucky (Calvert City), Georgia (Dalton), North Carolina (Marble/Cherokee County), Alabama (Auburn), and Oklahoma (Muskogee).

Is Core Scientific still a Bitcoin mining company?

Partly — Core Scientific still self-mines Bitcoin and hosts mining for third parties, but the majority of its revenue as of 2026 comes from high-density colocation services for AI and HPC workloads, reflecting an ongoing shift away from pure crypto mining.

Does Core Scientific offer colocation services?

Yes — we've identified 10 facilities where Core Scientific may offer colocation services. Please contact Core Scientific directly to confirm current availability and terms.

Does Core Scientific offer cloud services?

We haven't confirmed cloud services for Core Scientific yet — this isn't a definitive no, since our research can miss things. Please contact Core Scientific directly to confirm cloud availability.

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