Core Scientific completes acquisition of Polaris DS
Core Scientific said it has completed its acquisition of Polaris DS to expand its Muskogee, Oklahoma data center campus. The deal adds about 440MW of grid-connected power and 40 acres valued at $444 million, previously used for Polaris bitcoin mining. Core Scientific targets 1.5GW gross and 1GW leasable power, and plans to deliver 82MW to a customer from H2 2027.
How this was made
The 30-second read
Why it matters
By acquiring Polaris DS, Core Scientific gains grid-connected power capacity and land already tied to electric service agreements, enabling further campus scaling and planned customer deliveries.
Market read
Deal completion adds meaningful power and land to Core Scientific’s expansion plan, which can influence investor expectations for capacity growth and customer ramp timing.
What to watch
The article omits acquisition price structure, integration risks, and whether Polaris’s existing electric service agreements fully transfer without cost or curtailment changes.
Background
Core Scientific, originally a crypto-mining data center operator, is pivoting to AI data center development and is expanding its Muskogee, Oklahoma campus.
Ticker impact
Core Scientific completed its acquisition of Polaris DS, adding about 440MW grid-connected power and 40 acres for its Muskogee campus expansion.
Near-term sentiment likely positive on deal completion and capacity visibility, with follow-through tied to customer deliveries starting 2H 2027.
The article provides concrete capacity and land additions plus a delivery milestone, which can improve growth optics, but it does not include deal economics, financing terms, or immediate earnings impact.
Market effects
Reinforces the data-center power-constrained AI/crypto infrastructure theme, where acquiring grid capacity and land can accelerate capacity monetization.
Highlights Muskogee, Oklahoma as a growing power-and-campus hub, potentially attracting additional load and development activity.
Supports the broader North American trend of securing power supply for AI and digital-asset compute demand.
Counterpoint
Capacity additions may not translate into near-term revenue if customer demand timing or power interconnection constraints delay monetization.
Key entities
- companyCore Scientific
Acquirer completing the Polaris DS acquisition to expand its Muskogee data center campus.
- companyPolaris DS
Seller whose grid-connected power capacity and land are acquired for Core Scientific’s expansion.
- utilityOklahoma Gas & Electric
Utility under whose existing electric service agreements the acquired power capacity was being used.
- companyCoreWeave
Named customer for a planned handover of the first 70MW building in Q2 2026.
