Core Scientific Secures Conditional ERCOT Approval for 1,402 MW Across Three Texas Data Centers
CORZ sits 33% above its 52-week low of $13.355.
Summary
Core Scientific received conditional ERCOT approval for 1,402 MW of power across three Texas data centers, with the 431 MW Hunt site already under construction. This advances the company's AI/HPC expansion strategy.
Key Events · Product Development and Regulatory · CORZ
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1,402 MW Conditionally Approved by ERCOT
Under ERCOT's Batch Zero framework, conditional approvals were granted for Denton (297 MW + 74 MW), Pecos (300 MW + 300 MW), and Hunt (431 MW).
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Hunt Site Most Advanced
The 431 MW at Hunt received approval as Pathway (e), with construction already underway, long-lead equipment ordered, and financial collateral posted.
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Pecos Final Allocation Pending
At Pecos, 600 MW were conditionally approved, but final allocation and load ramp will not occur until the Batch Zero process concludes.
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Denton Exempt from Batch Zero
The existing 297 MW at Denton is classified as longstanding load energized before March 25, 2022; an additional 74 MW was validated in the 2025 Regional Transmission Plan.
Analysis · CORZ · Crypto Assets
Power availability is the binding constraint on data center capacity, and today's disclosure of conditional ERCOT approvals covering 1,402 MW across the Denton, Pecos, and Hunt, Texas sites directly de-risks the company's AI/HPC expansion pipeline announced in July with AMD and Neocloud. The Hunt site's 431 MW is the most advanced—construction has already commenced with long-lead equipment ordered and collateral posted. The approvals are conditional, not final, and final allocation for Pecos awaits the conclusion of the Batch Zero process.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.2% of the 2009 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CORZ was trading at $17.80 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $5.8B. The 52-week trading range was $13.36 to $30.46. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.