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Core Scientific Powers Future AI Growth

11 Jun

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Summary

Steve Smith, former Equinix CEO, joined the board.
Core Scientific is transforming its Texas site into an AI campus.
Company aims to capitalize on increasing demand for computing infrastructure.

Core Scientific Inc. has appointed Steve Smith, former CEO of Equinix, to its board of directors, leveraging his extensive experience in the data center industry. Smith's addition is expected to accelerate Core Scientific's growth as the company transitions towards an AI-focused future.

The company is transforming its Pecos, Texas facility into a major AI data center campus with significant power capacity. Initial phases are expected to be operational by early 2027, with a substantial portion of power available for leasing.

This strategic pivot aligns with a broader industry trend where companies are diversifying from cryptocurrency mining into AI infrastructure. Core Scientific aims to meet the escalating demand for advanced computing power.

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