Core Switching Out Denton Bitcoin Mining Site

Core Scientific says it will spend $6.1 billion to turn its Denton bitcoin mining site in Denton from a crypto facility into an AI data center. The Dallas Morning News reports the investment is expected to lead to $194 million in property tax over a decade.

Core Scientific will be responsible for costs associated with the electrical interconnection infrastructure. It did not apply for tax incentives from the City of Denton, but it has applied to the State of Texas for incentives and abatements.

The expansion is expected to create an estimated 300 full-time, on-site positions and over 200 independent jobs. Core Scientific will have access to 394MW of power.

The Denton data center, which opened three years ago, was Core Scientific’s first Bitcoin mining facility in Texas.

The company currently operates nine data centers in six different states: Alabama, Georgia, Kentucky, North Carolina, North Dakota, and Texas.