Core Scientific Completes Acquisition of Polaris DS, Advancing Planned Muskogee Expansion to 1.5 GW of Gross Power
Core Scientific (Nasdaq: CORZ) said it completed its acquisition of Polaris DS LLC. The deal secures about 440 MW of in-service, grid-connected power and a total purchase price of about $444 million in cash. Core Scientific reiterated plans to scale its Muskogee campus to about 1.5 GW gross power, with the next ~82 MW expected in 2H 2027.
How this was made
The 30-second read
Why it matters
Completion of the Polaris DS acquisition secures ~440 MW of currently in-service, grid-connected power under existing electric service agreements, and reiterates scaling Muskogee to ~1.5 GW gross (~1.0 GW leasable). This should improve capacity visibility versus relying solely on future buildouts.
Market read
A completed $444M cash acquisition that immediately adds in-service power capacity, supporting the company’s medium-term campus scaling plan.
What to watch
Traders may be underweighting the timeline risk to Muskogee deliveries (next ~82 MW starting 2H 2027) and the lack of disclosed incremental revenue or lease economics from the acquired 440 MW.
Background
Core Scientific is expanding high-density colocation capacity by securing power and land for data-center campuses, including its Muskogee expansion.
Ticker impact
Core Scientific completed its Polaris DS acquisition for about $444M cash, securing ~440 MW of in-service grid-connected power capacity.
Likely supportive for near-term sentiment, with follow-through tied to execution of Muskogee deliveries starting 2H 2027.
The article discloses deal completion, purchase price, and capacity secured, which are concrete balance-sheet and capacity-readiness inputs. However, it provides no incremental financial guidance or margin detail, limiting precision on earnings impact.
Market effects
Reinforces the HDC data-center power-constrained narrative by highlighting continued power portfolio buildout via acquisitions.
Strengthens Oklahoma power and data-center infrastructure positioning through the Muskogee campus scaling roadmap.
Supports broader AI infrastructure capacity expansion trends, though impact is primarily company-specific.
Counterpoint
The headline deal size may not translate into near-term earnings upside if integration, customer ramp, or financing costs offset capacity gains.
Key entities
- public_companyCore Scientific, Inc.
Nasdaq-listed digital infrastructure provider completing the Polaris DS acquisition and scaling Muskogee to 1.5 GW gross power.
- private_companyPolaris DS LLC
Seller/target in the acquisition, providing ~440 MW currently in service under Oklahoma Gas & Electric agreements.
- utilityOklahoma Gas & Electric
Electric service provider under existing agreements tied to the acquired in-service power capacity.
