Shares of Core Scientific (CORZ), a listed US mining company, rose more than 11% after the market trading Wednesday as the data center and Bitcoin mining company said it is planning to partner with CoreWeave to expand its data center in Denton, Texas for $1.2 billion to support artificial intelligence (AI) and high-performance cloud computing (HPC). "The 70 megawatts (MW) contract power added to the Denton Data Center will increase all critical IT loads to approximately 260 megawatts," the statement said.