On February 20, The Miner Mag reported that Bitcoin mining company 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, and the total investment is expected to exceed $400 million.
Auburn Mayor Ron Anders said Core Scientific’s $400 million investment is expected to bring $1.5 million in annual tax revenue to the local area. The lease is for 10 years, and the company can choose to extend it in increments of 5 years 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.
More Information available in: https://www.holdminer.com/
