Bitcoin mining company Core Scientific Inc. announced on April 16 plans to expand its Denton, Texas, data center by 72 megawatts (MW).

The goal of the expansion program is to deliver more than 20 additional exahash of mining hash rate—a measure of how many calculations can be performed per second—at an average incremental cost of approximately $200,000/MW—less than half the cost of new construction or asset acquisition, Core said in its press release.

The company has 745 MW of operational infrastructure and owns 372 MW of partially-built infrastructure at its two Texas data centers.

The Denton data center currently operates 125 MW of bitcoin mining with total contracted power of approximately 300 MW. Core’s Pecos, Texas, data center currently operates 71 MW of bitcoin mining across two sites with total contracted power of 250 MW.

Core said the Denton project represents the beginning of a multi-year program to complete the partially built infrastructure and expand the company’s capacity by 372 MW.

Core’s CEO Adam Sullivan said owning and operating on its infrastructure allows the company to expand mining capacity, deploy upgrades to its proprietary mining technology, reallocate miners for efficiency and adapt to other forms of compute.

“By expanding our capacity while focusing on fleet efficiency and hash rate productivity, we believe we will remain positioned for success in the post-halving environment,” Sullivan said.

Comments