TechFlow News, February 20 — According to The Miner Mag, Bitcoin mining firm Core Scientific has expanded its high-performance computing (HPC) hosting operations into Auburn, Alabama, by leasing AUBix's existing facility. The company plans an initial capital investment of approximately $135 million in the 40,000-square-foot facility, with total projected investments exceeding $400 million.
Auburn Mayor Ron Anders stated that Core Scientific's $400 million investment is expected to generate $1.5 million in annual tax revenue for the local community. The lease agreement spans 10 years, with the company holding options to extend it in five-year increments for up to an additional 15 years.
Notably, Core Scientific resumed its full "hold" strategy in January this year, retaining all monthly Bitcoin production, increasing its Bitcoin holdings to over 500 BTC.
