Core Scientific plans to acquire Bitcoin mining company Polaris for $421 million to expand its US AI data center presence.

Core Scientific, a U.S.-listed mining company, announced it will acquire Polaris DS LLC, an Oklahoma-based Bitcoin mining company, for approximately $421 million. This acquisition will include a 440-megawatt power contract with Oklahoma Gas & Electric to support the rapid expansion of its AI and high-performance computing hosting business. Polaris' 40-acre campus is already electrified and operational, adjacent to Core's existing facility in Muskogee. The transaction is expected to close in the third quarter of 2026, subject to regulatory approval.