Core Scientific acquires Polaris DS in $421M deal to expand computing power
Core Scientific has agreed to buy Polaris DS LLC for $421 million. The deal, set to close in the third quarter of 2026, will expand the company’s computing infrastructure by adding 440 megawatts of power capacity. Investors responded positively, pushing the firm’s stock up by nearly 9% on Wednesday morning. The acquisition comes after shareholders blocked a proposed $9 billion all-stock merger with CoreWeave in October 2026. Since then, Core Scientific has shifted its strategy away from holding bitcoin reserves and toward growing its infrastructure and services.
Earlier this year, the company secured $3.3 billion in private debt to fund development projects. The Polaris site, covering 40 acres, sits next to Core Scientific’s existing Muskogee campus. This proximity allows for easier integration of the new facility, which will boost the company’s total capacity. Core Scientific has also begun constructing an 82.5 megawatt facility to further increase its operational scale. Despite this expansion, the company’s latest quarterly revenue fell to $79.8 million, down from $94.9 million in the same period a year earlier. The acquisition still requires regulatory approval before finalising in the coming months.
The deal will significantly increase Core Scientific’s computing power and infrastructure. With the new facility and expanded capacity, the company aims to strengthen its position in high-density computing. Regulatory approval remains the final step before the acquisition completes in Q3 2026.
