Core Scientific to acquire bitcoin miner Polaris in $421 million deal to expand Oklahoma AI data center campus
The Block
Core Scientific is acquiring Polaris DS LLC for $421 million to secure power capacity for its expanding AI and high-performance computing data centers.Summary
Core Scientific has announced the $421 million acquisition of Oklahoma-based bitcoin miner Polaris DS LLC to secure 440 megawatts of contracted power. This strategic move aims to accelerate Core's transition from bitcoin mining toward supporting energy-intensive AI and high-performance computing infrastructure. The deal, expected to close in Q3 2026, will expand Core's Muskogee campus, where the company is actively developing gigawatt-scale capacity to meet rising demand for specialized data center services.
(Source：The Block)