Core Scientific Relaunches Denton Crypto Mine as an AI Supercomputer
Core Scientific went bankrupt after selling the city of Denton, Texas on a local crypto mine that doubled its energy footprint. Now, emerging from bankruptcy, the company has convinced the city to support its even larger AI supercomputer.
By Sarah Emerson, Forbes Staff
Three years ago, one of the world’s largest bitcoin miners offered a lifeline to the town of Denton, Texas, a community burdened with tens of millions of dollars in debt. The miner, Core Scientific, wanted to build a data center in the city. In exchange for a massive power contract that would double Denton’s energy footprint, the company would provide much needed revenue in the form of taxes and fees. Denton accepted. But within months of powering on, Core Scientific…
