Core Scientific’s Billing AI Data Center Capacity Rises to 485 MW
Core Scientific (NASDAQ: CORZ) said it is now billing customers for approximately 485 megawatts of data center capacity, up about 23% from the end of June, as the former bitcoin mining specialist brings more of its contracted AI infrastructure into service.
The company disclosed the milestone in a post on X, citing an additional 48 MW at its Dalton, Georgia, campus since its previous update. The latest total compares with 395 MW billing at June 30 and 437 MW as of mid-July, according to its second-quarter disclosures. The Dalton addition represents an increase of about 11% from the July figure.
The increase marks another step in Core Scientific’s transition from bitcoin mining to hosting infrastructure for AI and other computing workloads. Billing capacity measures contracted customer power for which service has commenced, making it a gauge of how much of the company’s development pipeline has begun generating revenue.
Dalton was the main remaining construction component of its approximately 590 MW program for CoreWeave (NASDAQ: CRWV). In its July earnings presentation, Core Scientific showed about 30 MW billing at the Georgia campus against roughly 175 MW leased to the cloud computing provider. Its other four CoreWeave campuses were substantially complete, with the overall buildout scheduled for completion in early 2027.
The latest statement did not announce a revised completion schedule.
Core Scientific’s financial results have increasingly reflected the delivery of colocation capacity. Second-quarter colocation revenue rose to $136.7 million from $77.5 million in the first quarter, accounting for about 83% of its $164.2 million in total revenue. Billing capacity stood at 225 MW at the end of March.
The company also expanded its contracted pipeline in July through agreements covering approximately 530 MW for AMD and a neocloud customer, bringing total leased customer power capacity to about 1.1 gigawatts. Initial deliveries under that program were expected in 2027, with the full capacity scheduled for delivery by the end of 2028.
