Bitcoin miner Core Scientific to invest $400 million to expand Alabama data center

According to The Miner Mag, Bitcoin miner Core Scientific has expanded its high-performance computing (HPC) escrow operations to Auburn, Alabama, by leasing an existing facility at AUBix. The company plans to make an initial capital investment of about $135 million for the 40,000-square-foot facility, with a total investment expected to exceed $400 million.
Auburn Mayor Ron Anders said Core Scientific's $400 million investment is expected to generate $1.50 million a year in local taxes. The lease is for 10 years, with the company opting to extend it in five-year increments for up to 15 years.
It is worth noting that Core Scientific has resumed a full "holding" strategy in January this year, retaining all monthly bitcoin output, increasing its bitcoin holdings to more than 500 coins.