Business
North American Blockchain Infrastructure Leader Core Scientific to Expand Current Capacity With New 300MW Denton, Texas Data Center
New Data Center to Significantly Expand Core Scientific’s Leading Portfolio of Hosting and Self-Mining Infrastructure City of Denton and Tenaska Energy
About this update from Core Scientific, Inc.
[{"type":"text","content":"\n\nNew Data Center to Significantly Expand Core Scientific’s Leading Portfolio of Hosting and Self-Mining Infrastructure\n\n\nCity of Denton and Tenaska Energy Combine to Bring Jobs and Demand for Emissions-Free Energy to Texas\n\n\n AUSTIN, Texas--(BUSINESS WIRE)--\nCore Scientific Holding Co. (\"Core Scientific\" or “the Company”), a leader in customizable infrastructure to large scale customers for blockchain hosting and digital asset mining, today announced an agreement with the City of Denton, Texas and an affiliate of Tenaska Energy, Inc. to develop a 300MW blockchain data center in Denton, using emissions-free power supplemented by renewable energy credits. When completed, the new Denton data center will increase the Company’s total power capacity to more than 800MW while remaining 100% net carbon-neutral.\n\n“Denton represents our first blockchain data center in Texas and gives us another opportunity to demonstrate our team’s ability to scale rapidly to meet the increasing demand for secure blockchain infrastructure hosting services and digital asset mining,” said Mike Levitt, Chief Executive Officer of Core Scientific. “We believe that blockchain technology will play an increasingly important role in global commerce and serve as an important driver of emission-free energy demand. We are grateful to Mayor Hudspeth, the Denton City Council and Tenaska for their support and forward-looking embrace of this project. The Core Scientific team looks forward to building a strong, long-term relationship with members of the Denton community while continuing to create value for all of our stakeholders.”\n\n“We are honored to have been selected as the site of Core Scientific’s first blockchain data center in Texas,” said Denton Mayor Gerard Hudspeth. “The company’s commitment to 100% net carbon-neutral operations aligns well with the goals of the Denton Renewable Resource Plan and the long-term interests of our citizens. The economic benefits of this project to our community will be realized for many years to come and we look forward to working with Core Scientific as part of this rapidly-growing industry.”\n\nCore Scientific’s expansion into Texas is part of a development collaboration with Tenaska, a private, independent energy company. Tenaska affiliates will build the high voltage interconnection and transformation equipment, a...