Core Scientific has completed its previously announced acquisition of Polaris DS LLC. The Core Scientific acquisition strengthens the company’s digital infrastructure portfolio. It also supports its expansion strategy for high-density colocation (HDC) facilities.
Core Scientific, Inc. (Nasdaq: CORZ) announced the transaction from Miami. The company operates in the digital infrastructure market for high-density colocation. Through the acquisition, Core Scientific has secured approximately 440 megawatts (MW) of gross power capacity.
Polaris Acquisition Adds 440 MW of Power Capacity
The acquired capacity currently operates under existing electric service agreements. Polaris uses the power through agreements with Oklahoma Gas & Electric. The capacity remains grid-connected and is already in service. Core Scientific paid approximately $444 million in cash for the acquisition. As a result, the company has expanded its available power portfolio. The transaction also adds further capacity to its growing data center infrastructure footprint.
The Core Scientific acquisition comes as demand for digital infrastructure continues to increase. Data center operators are expanding capacity to support high-density computing workloads. These workloads include artificial intelligence, cloud computing, and other data-intensive applications. Core Scientific has also continued to acquire additional sites during 2026. Through those site acquisitions, the company has added more than 600 MW of leasable power. The expansion gives Core Scientific additional capacity for future customer deployments.
“The Polaris acquisition is another example of how we are strategically expanding our power portfolio to support our long-term growth,” said Adam Sullivan, Chief Executive Officer of Core Scientific. “Through site acquisitions this year, we have added more than 600 MW of leasable power to our portfolio, while continuing to further scale our campuses.”
Muskogee Campus Expansion Targets 1.5 GW
Core Scientific also reaffirmed its expansion plans for the Muskogee campus in Oklahoma. The company plans to scale the campus to approximately 1.5 GW of gross power. The target represents approximately 1.0 GW of leasable power. Core Scientific plans to reach this capacity through multiple power solutions. These solutions will combine grid-connected resources with behind-the-meter infrastructure.
This approach could give the company greater flexibility as it expands its data center capacity. It also supports the growing requirements of high-density computing environments. Core Scientific remains on track to deliver the next approximately 82 MW at Muskogee. The company expects to make this capacity available to its customers during the second half of 2027.
The planned expansion strengthens Muskogee’s position within Core Scientific’s broader infrastructure portfolio. It also reflects the company’s strategy of scaling campuses alongside its power capacity.
Core Scientific Continues Infrastructure Expansion
The acquisition adds another significant power resource to Core Scientific’s portfolio. Meanwhile, the company continues to develop its existing campuses and acquire additional sites. The company’s expansion strategy focuses on increasing leasable power capacity. It also targets infrastructure suitable for high-density computing applications.
As demand for AI infrastructure grows, power availability remains a key consideration for data center operators. Consequently, access to reliable power can influence the pace of new capacity deployment. Core Scientific’s latest transaction combines existing grid-connected capacity with its longer-term expansion plans. The company can therefore build on operational power while developing additional capacity.
The Muskogee campus remains a major part of that strategy. Its planned 1.5 GW gross capacity would significantly expand Core Scientific’s overall infrastructure footprint. With the Polaris transaction now completed, Core Scientific has strengthened its power portfolio. The company will continue scaling its campuses to support future customer requirements.
The company expects the next Muskogee capacity milestone in the second half of 2027. Meanwhile, its broader expansion program continues across its growing digital infrastructure portfolio.
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News Source: Businesswire.com
