Core Scientific to Acquire Polaris for $421 Million

According to The Block, Core Scientific will acquire Oklahoma-based Bitcoin mining company Polaris DS LLC for $421 million. The transaction is expected to be completed in the third quarter of 2026, pending regulatory approval. The acquisition will add 440 megawatts of contracted power to support the expansion of its artificial intelligence and high-density computing operations. Polaris's 40-acre campus in Muskogee is already electrified and operational, located adjacent to Core Scientific's existing facilities. Core Scientific is transforming its Bitcoin mining facilities into artificial intelligence and high-performance computing colocation data centers.