tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Core Scientific Expands Computing Capabilities with Lease Amendments

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Core Scientific Inc ( (CORZ) ) has provided an announcement.

Core Scientific, a leader in digital infrastructure for high-performance computing, has received approval from the Denton City Council for lease amendments to expand their computing capabilities. The expansion will increase their land lease from 31 to 78 acres and boost power access from 297 to 394 MW, potentially leading to a $6.1 billion property investment. This growth supports the company’s aim to enhance their data centers and meet rising demands for high-performance computing and AI applications.

For a thorough assessment of CORZ stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1