Core Scientific Expands Bitcoin Mining Operations with $400 Million Investment in Opelika, Alabama

According to recent reports from COINOTAG News on February 20th, **Core Scientific**, a prominent player in the **Bitcoin mining** industry, has strategically expanded its **high-performance computing (HPC)** hosting operations to **Opelika, Alabama**. The company has undertaken a substantial **capital investment** of around **$135 million** to lease an existing 40,000-square-foot facility from **AUBix**, with total anticipated expenditures projected to surpass **$400 million** in the long term. **Opelika Mayor Ron Anders** highlighted the economic impact of this venture, estimating an annual **tax revenue** boost of $1.5 million for the local community. The agreement includes a 10-year lease with potential extensions in increments of 5 years, allowing for a maximum duration of 15 years. It’s noteworthy that in January, Core Scientific resumed its complete **”hodl” strategy**, opting to retain every month’s **Bitcoin** output, thus increasing its holdings to over **500 coins**.