CoreWeave Austin (Core Scientific)
Proposed size
16 MW
Building area
118,000 sq ft
Investment
$0.1B
Developer
Core Scientific
Operator
CoreWeave
CoreWeave leased 16 MW of capacity across 118,000 sq ft at Core Scientific's Austin data center (formerly a Hewlett Packard hosting facility) at 3301 Hibbetts Road under an 8-year agreement valued at over $100 million. Core Scientific delivered the capacity in March 2024, more than 30 days ahead of schedule, to host CoreWeave's GPU cloud and AI/HPC workloads. In late 2024, CoreWeave announced the acquisition of Core Scientific in an all-stock transaction.
Water Impact
Daily water use (estimated range)
144K – 208K gal/day
Water returned per day
None reported
Per Estimated from 16 MW using LBNL benchmark 9,000–13,000 gal/day/MW. Cooling type not publicly disclosed; conservative range applied. Actual may be lower if liquid/immersion cooling used for GPU workloads., based on MW benchmark at WUE 1.8–2.5 L/kWh, 80% utilization.
vs. 5M gal/day (typical 400 MW facility)
The higher estimate is equivalent to the daily water use of approximately 2,080 households. San Marcos has approximately 25,000 households.
- Water intake
- 144K – 208K gal/day
- Lost to evaporation
- 100%
- Returned to system
- 0% (None reported)
Direct water figures are estimates from permit applications and developer disclosures. Indirect (power generation) figures are calculated estimates. Actual water use depends on technology choices, operating capacity, and weather conditions.
Location
Address: 3301 Hibbetts Rd, Austin, Travis County, TX
Water source: City of Austin Water
Infrastructure
- Water provider
- City of Austin Water
- Power provider
- Austin Energy
Fully operational — focus shifts to accountability and future policy
Advocacy now focuses on transparency, accountability, and shaping policy for the next project. Real data from operational facilities strengthens the case for mandatory water impact assessments on all future proposals.
Timeline
July 7, 2025
CoreWeave announces definitive agreement to acquire Core Scientific for ~$9 billion
CoreWeave and Core Scientific announced a definitive all-stock merger agreement on July 7, 2025 in which CoreWeave would acquire Core Scientific at an implied equity value of approximately $9.0 billion (0.1235 CoreWeave Class A shares per Core Scientific share). The deal would give CoreWeave ownership of ~1.3 GW of gross power capacity including the Austin campus at 3301 Hibbetts Road.
Source →(opens in new tab)April 24, 2025
Austin City Council adopts AI and data center policy resolution
Austin City Council adopted Resolution 55 on April 24, 2025, sponsored by Mayor Pro Tem Vanessa Fuentes, directing city staff to conduct a regional environmental study with Austin Energy and Austin Water examining data center energy and water demand growth over the next decade. An initial report was due October 2025, with annual follow-ups thereafter.
Source →(opens in new tab)June 3, 2024
Core Scientific and CoreWeave sign expanded 200 MW, 12-year HPC hosting contract
Core Scientific and CoreWeave signed a 12-year, 200 MW HPC hosting contract on June 3, 2024, with projected cumulative revenue exceeding $3.5 billion. The contract included approximately $300 million in capital investment credits from CoreWeave, with site modifications commencing in the second half of 2024 and operational delivery targeted for the first half of 2025.
Source →(opens in new tab)April 5, 2024
16 MW delivered to CoreWeave at Austin campus ahead of schedule
Core Scientific reported delivering 16 MW of HPC infrastructure for CoreWeave at its Austin campus (3301 Hibbetts Road, former HP campus) more than 30 days ahead of schedule, enabling CoreWeave to begin GPU deployments immediately. This milestone was reported in the March 2024 production and operations update.
Source →(opens in new tab)March 6, 2024
Core Scientific announces initial 16 MW HPC hosting contract with CoreWeave at Austin site
Core Scientific announced on March 6, 2024 that it would provide CoreWeave with up to 16 MW of data center infrastructure at its Austin facility (3301 Hibbetts Road, a former Hewlett Packard campus) under a long-term HPC hosting contract with potential revenue exceeding $100 million. This was the first major HPC hosting agreement between the two companies.
Source →(opens in new tab)
Sources
- 1. Core Scientific to Provide CoreWeave up to 16 MW of Data Center Infrastructure — Core Scientific IR, 2024-01-01. Link →(opens in new tab)
- 2. CoreWeave to Acquire Core Scientific — CoreWeave, 2024-12-01. Link →(opens in new tab)
Community Notes
In-city Austin location served by Austin Energy. This converted facility represents an AI/HPC intensification at an existing site rather than greenfield development. Austin City Council in April 2025 approved a resolution directing Austin Energy and Austin Water to study data center impacts.