BTC mining company Core Scientific will invest $400 million to expand its Alabama data center

Golden Finance reported that, according to The Miner Mag, BTC mining enterprise Core Scientific has expanded its high-performance computing (HPC) hosting business to Auburn, Alabama by leasing AUBix's existing facilities. The company plans to make an initial capital investment of approximately $135 million in the 40,000 square foot facility, with total investment expected to exceed $400 million. Auburn Mayor Ron Anders said Core Scientific's $400 million investment is expected to generate $1.5 million in annual tax revenue for the local community. The lease is for a period of 10 years, with the option to extend up to 15 years in 5-year increments. It is worth noting that Core Scientific resumed its full holding strategy in January this year, retaining all monthly BTC output, increasing its BTC holdings to over 500 coins.