Core Scientific Plans Expansion to 1.5 Gigawatts of Gross Power at Pecos, Texas Campus

Core Scientific announced plans to scale its Pecos, Texas campus to ~1.5 GW of gross power (≈1.0 GW leasable), converting part of its existing bitcoin-mining site into AI/data-center capacity. The site currently runs 300 MW for bitcoin mining; the company has reached an initial construction milestone on the first data hall, expects initial capacity in early 2027, secured an additional 300 MW under contract, and holds 200+ acres for expansion. For markets, the move signals Core’s strategic pivot toward high-density colocation for AI — potentially positive for the firm’s revenue profile — while reducing on-site bitcoin mining capacity could have ambiguous effects on BTC supply and network hash dynamics. Overall, the release is growth-oriented but contains forward-looking execution risks.