Core Scientific completes $444M acquisition of Polaris DS, secures ~440 MW toward Muskogee 1.5 GW plan
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Core Scientific completed the $444.3 million cash acquisition of Polaris DS, securing ~440 MW of grid-connected power capacity to advance its Muskogee expansion plan.
Key Highlights:
- Closed acquisition of Polaris DS for approximately $444.3 million in cash, subject to customary post-closing adjustments.
- Acquisition secures ~440 MW of gross, grid-connected power under existing agreements with Oklahoma Gas & Electric.
- Purchase price may increase by $40 million if an additional 40 MW of firm electric capacity becomes available to Polaris by Dec 31, 2026.
- Part of the purchase price withheld and placed in escrow to secure seller indemnification obligations.
- Transaction supports Core Scientific’s plan to scale Muskogee to ~1.5 GW gross (≈1.0 GW leasable) and deliver ~82 MW to a customer in H2 2027.
Original SEC Filing: Core Scientific, Inc./tx [ CORZ ] - 8-K - Aug. 14, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.