Core Scientific Inc.
Core Scientific Announces Acquisition to Expand Muskogee Data Center Capacity
Summary
Core Scientific, Inc. announced on May 5, 2026, its plan to acquire Polaris DS LLC for approximately $421 million in cash, subject to adjustments. The acquisition, expected to close in the third quarter of 2026, will significantly expand the company's data center capacity in Muskogee, Oklahoma, to approximately 1.5 gigawatts of gross power. The acquired assets include 40 acres of land, an electrical substation, and certain electrical service agreements providing up to 440 megawatts of continuous electricity. The transaction is expected to be funded using existing liquidity and is subject to customary regulatory approvals and closing conditions.
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About Core Scientific Inc.
Core Scientific Inc. is a leading provider of blockchain infrastructure and artificial intelligence-related services and solutions. This dynamic company primarily focuses on the development of high-performance data centers designed to support digital asset mining and blockchain networks. The firm operates vast and sophisticated facilities that offer hosting services, providing clients with the necessary infrastructure to mine cryptocurrencies, including Bitcoin. Core Scientific Inc. is deeply embedded within the technology and financial sectors, leveraging advanced computing environments that enable scalable, secure, and efficient processing of blockchain transactions. Founded on the principles of innovation and operational excellence, Core Scientific has positioned itself as a significant player in the growth of blockchain technology, impacting how digital currencies are mined and managed. Its role in the financial markets includes supporting the decentralized finance ecosystem and contributing to the broader adoption of cryptocurrencies by enhancing the technical framework required for their operation and legitimacy.
Official SEC Documents
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