Core Scientific has announced plans to convert its Bitcoin mining facility in Pecos, Texas, into a high-density AI co-location data center with a total power capacity of 1.5 GW. Approximately 1 GW of this capacity will be available for lease. The transition involves reallocating 300 MW of the site's mining capacity for data center operations, with the first data hall expected to launch in early 2027. To support this expansion, Core Scientific has acquired over 200 acres of land and aims to raise over $4 billion. This funding will come from $3.3 billion in senior secured notes and a $1 billion credit facility from Morgan Stanley, facilitating data center developments in Texas, Georgia, North Carolina, and Oklahoma.