TechFlow reports that, on May 6, according to The Block, Core Scientific has agreed to acquire Oklahoma-based Bitcoin mining company Polaris DS LLC for $421 million. The transaction is expected to close in Q3 2026, subject to regulatory approvals. This acquisition will add 440 megawatts of contracted power to Core Scientific’s portfolio, accelerating its expansion into artificial intelligence (AI) and high-density computing services. Polaris’s 40-acre campus in Muskogee is already energized and operational, located adjacent to Core Scientific’s existing facilities. Core Scientific is converting and expanding its former Bitcoin mining facilities into colocation data centers dedicated to AI and high-performance computing.
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