Austin-based Core Scientific is working to convert all of its Bitcoin mining operations in Denton into data centers. The company will invest an estimated $4...
is working to convert all of its Bitcoin mining operations in Denton into data centers and will spend billions to make it happen.
The site was partially built out in 2021 but the project’s third phase was not completed after Core Scientific filed for bankruptcy reorganization.The company is looking to resume work and now wants to convert the entire site into high-performance computing for artificial intelligence, according to city documents.
The Denton City Council originally approved Denton Municipal Electric’s requests to amend a power purchase agreement with Core Scientific in August.The change was part of Core Scientific’s pivot towards high-performance computing operations. The firm doesn’t plan to power down its AI computing during peak hours or when energy prices increase. High-powered computing for AI requires continuous operation and air conditioning to remain cool.
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