Core Scientific

Recent news

• Aug 4, 2026

  New Data Center Developments: August 2026

  This article is a curated monthly roundup of data center news, summarizing multiple announcements, reported deals, and policy actions across regions.

  • It highlights several new project announcements and construction updates, including Meta’s 5 GW Hyperion expansion, OpenAI’s Project Camellia in Georgia, Iron Mountain’s 48 MW RCH-1 break ground, and Meta’s 1 GW Canadian campus in Alberta.
  • It also covers policy and market developments such as New York’s permit pause for sites over 50 MW, Texas’s ERCOT queue audit, North Carolina’s tax change, Nebraska’s incentive block, plus large capital figures including €1.5 billion, $38.4 billion, $500 million, $400 million, and $10 billion across various projects.
• Jul 28, 2026

  Core Scientific Doubles AI Capacity to 1.1 GW in $14B AMD Deal

  Core Scientific has announced a 15-year infrastructure agreement with AMD to expand its leased AI data center capacity to approximately 1.1 GW.

  • The agreement covers 530 MW across five campuses and represents more than $14 billion in potential base contracted revenue; it begins in 2027 and gives AMD exclusive rights to reserve up to an additional 2 GW of future capacity.
  • Core Scientific said the broader contracted AI portfolio now totals approximately 1.1 GW and more than $24 billion in potential contracted revenue; deliveries will begin at the Pecos, Texas campus in the first half of 2027, with development also advancing in Hunt, Texas; Muskogee, Oklahoma; Auburn, Alabama; and Dalton, Georgia through 2028.
• Jul 23, 2026

  White House Expands Data Center Ratepayer Pledge as Congress Moves to Codify Protections

  The White House expanded its voluntary Ratepayer Protection Pledge to 187 utilities, electric cooperatives, and data-center developers, while Congress advanced the bipartisan Ratepayer Protection Act from committee 52-0.

  • The White House said the pledge now covers 187 organizations plus 23 governors, and the coalition “protects” 263 million Americans; signatories commit to fund generation and grid upgrades for their data-center loads without shifting costs to other ratepayers.
  • The House Energy and Commerce Committee advanced H.R. 9340 on July 21; the bill would require state regulators and nonregulated utilities to consider a large-load standard for sites with at least 100 MW peak demand and recover the full incremental cost of grid upgrades. New York’s Executive Order 62 separately put permits for 50 MW+ data centers on hold pending an environmental review.