Core Scientific, Inc. (NasdaqGS:CORZ) has entered into an agreement to acquire Polaris DS LLC for $421 million from Top Access Enterprises Limited on May 5, 2026. The aggregate purchase price for the Acquisition (the ?Purchase Price?) is approximately $421 million in cash, subject to certain customary purchase price adjustments set forth in the Merger Agreement, and will be increased by an additional $40 million in cash in the event that an additional 40 megawatts of firm electric capacity becomes available to the Target prior to December 31, 2026 in accordance with the terms of the Merger Agreement. The transaction will be funded using existing liquidity. Buyer has sufficient available fund to pay in full all amounts required to be paid under agreement. The transaction is subject to customary regulatory approvals and closing conditions. The transaction is expected to close in the third quarter of 2026.
John Franchini and Daniel Tyrrell of Milbank LLP acted as legal advisor for Top Access Enterprises Limited. Bill Roegge, Daniel Peale, Josh Holleman, Alanna Zuchelli, Eileen Marshall, Jeremy Morrison, Sharon Connaughton, Steve Flores, Len Jacoby, Amanda Williams, and Timothy Shapiro of Cooley LLP acted as legal advisor for Core Scientific, Inc.
Core Scientific, Inc. (NasdaqGS:CORZ) completed the acquisition of Polaris DS LLC from Top Access Enterprises Limited on August 14, 2026.
Core Scientific, Inc. is engaged in designing, building, and operating large-scale, purpose-built data centers for high-density colocation (HDC) services and digital asset mining for both its own account and to a lesser extent, third-party customers. The Company operates facilities for HDC services and is a provider of digital infrastructure, software solutions, and services to its third-party customers. The Company operates through three segments, which include Colocation, Digital Asset Self-Mining, and Digital Asset Hosted Mining. The Colocation segment provides space, power, cooling, facilities operations, security, and other services to third-party customers to support workloads for machine learning and artificial intelligence. The Digital Asset Self-Mining segment consists of performing digital asset mining for its own account. The Digital Asset Hosted Mining segment provides hosting services to third parties for digital asset mining.
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