Core Scientific to buy Polaris for $421M to boost AI capacity
Tech Core Scientific to buy Polaris for $421M to boost AI capacityCore Scientific agreed to acquire Polaris DS LLC for $421 million to expand its AI data center operations in Oklahoma.The deal will add 440 megawatts of contracted power through Oklahoma Gas and Electric to support high-density computing.The Polaris site spans 40 acres and operates next to Core Scientifics existing Muskogee campus infrastructure.Core Scientific expects to close the acquisition in Q3 2026 after completing required regulatory approvals.The company has started building a new 82.5 megawatt facility to increase its total campus capacity. Core Scientific announced a $421 million agreement to acquire Polaris DS LLC in Oklahoma. The company targets the expansion of its AI data center capacity through the transaction. The deal adds contracted power and operating infrastructure to support high-density computing growth. Core Scientific advances Oklahoma campus expansion with Polaris acquisition Core Scientific confirmed it will acquire Polaris DS LLC for $421 million in cash and stock. The agreement includes 440 megawatts of contracted power through Oklahoma Gas and Electric. The company plans to integrate these assets into its Muskogee campus operations. The transaction remains subject to regulatory approval and is expected to close in Q3 2026. The Polaris site spans 40 acres and