Core Scientific Acquires Polaris DS for $444 Million, Plans 1.5 GW Muskogee Expansion
Core Scientific has finalized its $444 million acquisition of Polaris DS LLC, enhancing its power capacity by 440 MW. This acquisition supports Core Scientific's strategy to expand its Muskogee, Oklahoma campus to 1.5 GW, meeting the growing demand for high-density colocation and AI workloads.
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Core Scientific, Inc. has completed its acquisition of Polaris DS LLC for approximately $444 million in cash, securing 440 MW of existing grid-connected power capacity. The company aims to expand its Muskogee, Oklahoma campus to 1.5 GW of gross power, translating to about 1.0 GW of leasable capacity, with initial deliveries expected for 2027.
This strategic move reflects a shift towards high-density colocation services, meeting increased power demands from AI and high-performance computing. The acquisition enhances Core Scientific's existing infrastructure while reducing reliance on new utility connections. As power availability becomes a critical factor in data center development, the Muskogee expansion is poised to bolster Core Scientific's competitive position in the sector.
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