Core Scientific (CORZ) said Wednesday that the Denton City Council has approved amendments to the company's power purchase agreements and land leases.
The changes expand the company's leased land from about 31 acres to nearly 78 acres and boost power access from 297 to 394 megawatts, the company said, adding that the expansion is expected to result in a $6.1 billion property investment.
Shares of Core Scientific were up more than 4% in recent Wednesday trading.
Price: 17.24, Change: +0.77, Percent Change: +4.64
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments