The company’s data center platform growth
continues in support of AI and enterprise customers
Core Scientific Inc. (Nasdaq: CORZ) (“Core Scientific” or the
“Company”), a leader in digital infrastructure for high-performance
compute at scale, today announced its expansion into Auburn,
Alabama, with a new high-performance computing facility at 1571 W
Samford Ave.
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Core Scientific Data Center in Auburn,
Alabama (Photo: Business Wire)
“Auburn represents an exciting new chapter for Core Scientific
as we establish our presence in Alabama,” said Adam Sullivan, Core
Scientific CEO. “This facility is expected to play a key role in
our high-performance computing strategy, and we are grateful for
the strong partnership and support from local and state leaders,
including Auburn city officials. We look forward to contributing to
Auburn’s growing technology sector and strengthening the regional
economy.”
The Core Scientific Auburn data center, housed within the
existing AUBix facility, will launch with a capacity of 16
megawatts and has potential for further expansion. Core Scientific
is planning to make an initial investment of approximately $135
million in the facility, with total investment in the project
expected to exceed $400 million, including substantial capital
expenditures from future partners.
In the process of becoming the operator of the Samford Avenue
facility, Core Scientific has leased the building and is planning
to execute an option to purchase. It has retained the facility’s 11
full-time employees as part of its commitment to the local
workforce. The company plans to increase its team to a minimum of
20 full-time employees.
“Alabama has long been a pro-business state, and Core
Scientific’s investment in Auburn is a testament to our ability to
attract cutting-edge technology companies,” said Alabama Governor
Kay Ivey. “We are excited to support their growth and look forward
to the economic benefits this project will bring to our state.”
“Core Scientific’s expansion into Alabama highlights the state’s
growing prominence in the technology and digital infrastructure
sector,” said Alabama’s Secretary of Commerce, Ellen McNair. “This
investment not only strengthens our state’s economy but also
positions Alabama as a key player in the future of high-performance
computing.”
“We appreciate Core Scientific establishing a new operation here
in Auburn as part of its national data center network,” said Auburn
Mayor Ron Anders. “The company’s investment is evidence of the
success of our recruitment of high-tech industries in collaboration
with Auburn University. Our projections show that Core Scientific’s
$400 million investment will result in a local tax generation of
$1.5 million per year, supporting our schools and public
services.”
Core Scientific currently operates nine data centers across six
states—Alabama, Georgia, Kentucky, North Carolina, North Dakota,
and Texas— with an additional facility under development in
Oklahoma.
About Core Scientific, Inc.
Core Scientific, Inc. (“Core Scientific” or the “Company”) is a
leader in digital infrastructure for high-performance computing and
digital asset mining. We operate dedicated, purpose-built
facilities for digital asset mining and are a premier provider of
digital infrastructure to our third-party customers. We employ our
own large fleet of computers (“miners”) to earn digital assets for
our own account and to provide hosting services for large bitcoin
mining customers and we are in the process of allocating and
converting a significant portion of our nine operational data
centers in Alabama (1), Georgia (2), Kentucky (1), North Carolina
(1), North Dakota (1) and Texas (3), and our facility in
development in Oklahoma to support artificial intelligence-related
workloads under a series of contracts that entail the modification
of certain of our data centers to deliver hosting services for
high-performance computing (“HPC”). www.corescientific.com.
FORWARD LOOKING STATEMENTS AND EXPLANATORY NOTES
This press release contains "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to, statements regarding projections, estimates and forecasts of
revenue and other financial and performance metrics, projections of
market opportunity and expectations, the Company's ability to
scale, and grow its business and execute on its growth plans and
hosting contracts, source clean and renewable energy, the
advantages, and expected growth, and anticipated future revenue of
the Company, and the Company's ability to source and retain talent.
You can identify forward-looking statements by the fact that they
do not relate strictly to historical or current facts. These
statements may include words such as "aim," "estimate," "plan,"
"project," "forecast," "goal," "intend," "will," "expect,"
"anticipate," "believe," "seek," "target" or other similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. All forward looking
statements are subject to risks and uncertainties that may cause
actual results to differ materially, including: our ability to earn
digital assets profitably and to attract customers for our digital
asset and high performance compute hosting capabilities; our
ability to perform under our existing colocation agreements, our
ability to maintain our competitive position in our existing
operating segments, the impact of increases in total network hash
rate; our ability to raise additional capital to continue our
expansion efforts or other operations; our need for significant
electric power and the limited availability of power resources; the
potential failure in our critical systems, facilities or services
we provide; the physical risks and regulatory changes relating to
climate change; our vulnerability to physical security breaches,
which could disrupt our operations; a potential slowdown in market
and economic conditions, particularly those impacting high
performance computing, the blockchain industry and the blockchain
hosting market; the identification of material weaknesses in our
internal control over financial reporting; price volatility of
digital assets and bitcoin in particular; potential changes in the
interpretive positions of the SEC or its staff with respect to
digital asset mining firms; the increasing likelihood that U.S.
federal and state legislatures and regulatory agencies will enact
laws and regulations to regulate digital assets and digital asset
intermediaries; increasing scrutiny and changing expectations with
respect to our ESG policies; the effectiveness of our compliance
and risk management methods. Any such forward-looking statements
represent management's estimates and beliefs as of the date of this
presentation. While we may elect to update such forward-looking
statements at some point in the future, we disclaim any obligation
to do so, even if subsequent events cause our views to change. Year
over year comparisons are based on the combined results of Core
Scientific and its acquired entities.
Although the Company believes that in making such
forward-looking statements its expectations are based upon
reasonable assumptions, such statements may be influenced by
factors that could cause actual outcomes and results to be
materially different from those projected. The Company cannot
assure you that the assumptions upon which these statements are
based will prove to have been correct. Additional important factors
that may affect the Company's business, results of operations and
financial position are described from time to time in the Company's
Annual Report on Form 10-K for the year ended December 31, 2023,
Quarterly Reports on Form 10-Q and the Company's other filings with
the Securities and Exchange Commission. The Company does not
undertake any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise, except as may be required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20250219429745/en/
Investors: ir@corescientific.com
Media: press@corescientific.com
Core Scientific (NASDAQ:CORZ)
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부터 1월(1) 2025 으로 2월(2) 2025
Core Scientific (NASDAQ:CORZ)
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부터 2월(2) 2024 으로 2월(2) 2025
