Auburn, Alabama Welcomes Major Tech Investment

News Summary

Core Scientific Inc. is investing $135 million to establish a new data center in Auburn, Alabama, enhancing the local economy with job creation and increased tax revenues. The project, expected to exceed $400 million total investment, aims to support advanced technology and AI workloads. Mayor Ron Anders has expressed enthusiasm for the positive impact on the community, which also includes the expansion of job opportunities at the AUBix facility.

Auburn, Alabama Welcomes Big Tech Investment

Exciting times are ahead for Auburn, Alabama, as Core Scientific Inc. is making a major splash with a stunning investment of $135 million for a brand-new data center! This ambitious project will be located at 1571 W. Samford Ave., right within the existing AUBix multi-tenant data center. With this investment, the total price tag for the project is expected to surpass an impressive $400 million. That’s a whole lot of zeros!

Boosting Local Economy

So, what does this mean for Auburn’s economy? Well, it’s estimated that this project could generate more than $1.5 million in annual local taxes—money that can go towards services and improvements in the area. Auburn’s Mayor, Ron Anders, has expressed excitement about this new venture, highlighting how beneficial it will be for the community.

Job Opportunities Rising

Core Scientific isn’t just stopping at building a new facility; they also plan to keep the 11 employees currently at the AUBix facility and expand the workforce to at least 20 full-time positions. Any time a company adds jobs to the local economy, it’s something to celebrate! The extra positions will not only help individuals financially but will also boost the community as a whole.

Start Small, Think Big

The Auburn data center is kicking off with a solid capacity of 16 megawatts, but there’s room for future expansion. As the tech industry continues to evolve, who knows what other opportunities might spring up? Core Scientific already operates nine different data centers across six states, including Alabama, Georgia, Kentucky, North Carolina, North Dakota, and Texas, and they have an additional facility under development in Oklahoma. Clearly, they’re in growth mode!

Embracing the Future of Technology

Core Scientific is not just any tech company; they’re a leader in high-performance computing. The Chief Executive Officer has acknowledged the invaluable support from local and state leaders. The focus here is on ensuring that Auburn plays a pivotal role in their strategy moving forward. If that’s not a *win-win*, we’re not sure what is.

Alabama’s Tech Landscape Shines

Governor Kay Ivey has applauded Core Scientific’s commitment to the state, viewing it as a testament to Alabama’s ability to attract innovative technology companies. The pro-business environment here is clearly paying off, and for a city like Auburn, it’s a golden opportunity to thrive.

AUBix: More Than Just a Data Center

The AUBix facility, which spans approximately 40,000 square feet, was completed just last March 2022. It was designed to provide access to fiber networks for both private and public organizations. This facility has quickly become a hub of opportunity and innovation.

Long-Term Commitment

The lease agreement for this new facility is set for around $43.5 million over 10 years, complete with options for three five-year extensions. This shows that Core Scientific is here for the long haul, putting their roots down while contributing significantly to the local economy.

Ready for the Future

In an exciting twist, Core Scientific has already started signing contracts to support artificial intelligence workloads. They are gearing up for an infrastructural capability of 500 MW ready for CoreWeave by the latter half of 2026. This strategic shift means they are setting their sights on AI, alongside their traditional data mining operations, paving the way for exciting technological advancements.

Auburn is buzzing with anticipation as this new data center approaches launch. It is indeed a thrilling time for both the company and the community, as they look forward to a bright future together!

Deeper Dive: News & Info About This Topic

• Data Center Dynamics: Core Scientific Leases AUBix Data Center in Auburn, Alabama
• Made in Alabama: Core Scientific Bringing High-Performance Computing Operation to Auburn
• AL.com: Core Scientific Plans $135 Million Data Center for Alabama City
• Business Wire: Core Scientific Announces Expansion into Auburn, Alabama with New High-Performance Computing Facility
• MarketScreener: Core Scientific Planning To Make Initial Investment Of About $135 Million In Auburn Data Center
• Wikipedia: Data Center
• Google Search: Core Scientific Auburn
• Google Scholar: Core Scientific
• Encyclopedia Britannica: Data Center
• Google News: Core Scientific Auburn