Form 8-K · Current Report · Filed 2026-08-14
Core Scientific Completes Acquisition of Polaris DS, Advancing Power Portfolio
Core Scientific, Inc. has completed the acquisition of Polaris DS LLC, a Nevada limited liability company, for approximately $444.3 million in cash. The acquisition, which was previously announced, is part of Core Scientific's strategy to expand its power portfolio and support its long-term growth. The purchase price is subject to certain post-closing adjustments and may increase by an additional $40 million if an additional 40 megawatts of firm electric capacity becomes available to the Target prior to December 31, 2026. The acquisition will add approximately 440 megawatts of gross, grid-connected power capacity to Core Scientific's portfolio, supporting its plan to scale its Muskogee campus to approximately 1.5 GW of gross power.
- Filer
- Core Scientific Inc. CORZ · NASDAQ
- Filed
- Accession
- 0001839341-26-000018
- CIK
- 0001839341
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
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$19.77
Since filing
+0.0%
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$19.77
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Within 45 days of this filing, CORZ insiders reported 17 Form 4 transactions — net selling of $2.4M.
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.
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