[Core Scientific Transforms Texas Mining Facility into AI Data Center] According to Cointelegraph, Bitcoin mining company Core Scientific announced the transformation of its mining facility in Pecos, Texas, into a high-density AI colocation data center with a planned total power capacity of 1.5GW, of which approximately 1GW will be available for external leasing. Around 300MW of the site's mining capacity will be reallocated for data center operations. The foundation for the first data hall has been completed, and it is expected to be operational by early 2027. The company has acquired over 200 acres of land locally and plans to raise over $4 billion through the issuance of $3.3 billion in senior secured notes and a previously secured $1 billion credit line from Morgan Stanley. The funds will be used to advance data center construction in Texas, Georgia, North Carolina, and Oklahoma.