Core Scientific to increase ASIC server capacity by 75 MW

2022.07.27 10:58

Core Scientific to increase ASIC server capacity by 75 MW

United States Bitcoin (BTC) miner Core Scientific has signed a new colocation agreement to increase its data center hosting capacity by 75 megawatts (MW), a move intended to showcase the company’s ongoing commitment to boosting its infrastructure capabilities amid the ongoing bear market.

The new agreement will generate roughly $50 million in annual revenue for Core Scientific once the ASICs are fully deployed, the company announced Tuesday. The agreement includes provisions for prepayments that will allow the company to scale its infrastructure capabilities to host the additional servers.

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