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U.S. listed mining company Core Scientific is planning to collaborate with CoreWeave to expand its data center located in Denton, Texas, with an investment of 1.2 billion U.S. dollars

U.S. listed mining company Core Scientific is planning to collaborate with CoreWeave to expand its data center located in Denton, Texas, with an investment of 1.2 billion U.S. dollars

Bitget2025/02/27 00:10

The US-listed mining company Core Scientific (CORZ) saw its stock price surge by more than 11% after hours on Wednesday, as the data center and Bitcoin mining firm announced plans to partner with CoreWeave to expand its data center in Denton, Texas for $1.2 billion to support artificial intelligence (AI) and high-performance cloud computing (HPC).

The statement said: "The additional 70 megawatts (MW) of contracted power at the Denton Data Center will increase the total key IT load to approximately 260 MW."

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