Core Scientific Completes $444.3M Acquisition of Polaris DS, Securing 440 MW of Power

Core Scientific announced it has completed the previously announced acquisition of Polaris DS LLC for approximately $444.3 million in cash. The acquisition secures approximately 440 megawatts of gross, grid-connected power capacity, supporting the company's strategic expansion of its Muskogee, Oklahoma campus.

Key Details

• Acquisition Price: Approximately $444.3 million in cash, which closed on August 13, 2026.
• Contingent Payment: The purchase price could increase by an additional $40 million if Polaris DS secures an additional 40 MW of firm electric capacity before December 31, 2026.
• Strategic Impact: The deal is a key part of Core Scientific's plan to scale its Muskogee campus to approximately 1.5 gigawatts (GW) of gross power.