$CORZ · Core Scientific, Inc./tx
Core Scientific filed an 8-K under Item 7.01 (Regulation FD Disclosure) providing an update on the ERCOT electrical power status for its three Texas data center sites. Across Denton (371 MW total), Pecos (600 MW total), and Hunt (431 MW planned), approximately 1,402 MW of power has received conditional approval through various ERCOT pathways. The Denton site's 297 MW of existing load is exempt from the Batch Zero allocation process, while Pecos and Hunt are progressing through Batch Zero with all required collateral posted and documentation submitted.
- Denton site: 297 MW conditionally approved as Base Load Pathway (a), exempt from Batch Zero allocation.
- Denton additional 74 MW validated in ERCOT's 2025 Regional Transmission Plan, also exempt from Batch Zero.
- Pecos site: 300 MW conditionally approved as Base Load Pathway (b); additional 300 MW approved as Studied Load.
- Hunt site: planned 431 MW conditionally approved as Base Load Pathway (e) with stability study approved and construction commenced.
- All required collateral posted and documentation submitted across all three sites.
Markets closed — no regular-session reaction yet. Extended-hours last trade at $18.11 (+0.11% vs regular close), suggesting a muted initial response to the regulatory update.
Power capacity is the binding constraint for data center expansion; this update de-risks 1,402 MW of Core Scientific's Texas pipeline.
Texas data center power approvals are a critical bottleneck for Bitcoin mining and HPC operators; ERCOT's Batch Zero process has been closely watched by the sector.
Pecos final allocation and load ramp contingent on conclusion of the Batch Zero process — no guaranteed timeline. Hunt site still under construction with execution risk.
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