Core Scientific Acquires Polaris DS for $444M, Expands Muskogee Data Center to 1.5 GW — Core Scientific, Inc.

Event summary

Core Scientific completed the acquisition of Polaris DS for $444 million in cash, securing 440 MW of grid-connected power capacity.
The deal advances Core Scientific's plan to scale its Muskogee campus to 1.5 GW of gross power by combining grid and behind-the-meter solutions.
Core Scientific has added over 600 MW of leasable power to its portfolio through site acquisitions this year.
The company is on track to deliver an additional 82 MW at the Muskogee campus in the second half of 2027.

The big picture

Core Scientific's acquisition of Polaris DS underscores the company's strategic focus on expanding its power portfolio to support high-density colocation services, particularly for AI-related workloads. The deal aligns with broader industry trends of consolidation and scaling in digital infrastructure, as companies seek to meet growing demand for data center capacity. With over 600 MW of leasable power added this year, Core Scientific is positioning itself as a key player in the high-density colocation market.

What we're watching

Execution Risk: Whether Core Scientific can successfully integrate Polaris DS and meet its timeline for delivering additional power capacity at Muskogee.
Market Dynamics: How the acquisition positions Core Scientific in the competitive landscape of high-density colocation services, particularly for AI workloads.
Strategic Expansion: The pace at which Core Scientific can scale its campuses and secure additional power capacity to support long-term growth.