On August 14, 2026, Core Scientific, Inc. (NASDAQ:CORZ) completed its acquisition of Polaris DS for roughly $444 million in cash. It is adding about 440 megawatts of grid-connected power capacity in Oklahoma as part of its push to expand its Muskogee campus to 1.5 gigawatts of gross power.
Core Scientific keeps buying power capacity to feed AI data center demand. It is building on a business it already reshaped from bitcoin mining.
That raises the real question: is this string of acquisitions building a genuinely differentiated AI infrastructure company or piling up debt-funded power capacity ahead of confirmed demand?
Photo from Nextpower website
CEO Adam Sullivan said the deal is "another example of how we are strategically expanding our power portfolio," noting the company has added more than 600 megawatts of leasable power through site acquisitions this year alone. Core Scientific, Inc. (NASDAQ:CORZ) is already contracted to deliver the next roughly 82 megawatts at Muskogee to a customer starting in the second half of 2027. The company also signed a deal with AMD in July. It gave AMD access to more than 500 megawatts of AI-ready data center capacity starting in 2027, expandable to 2.5 gigawatts. AMD received market-priced warrants to purchase Core Scientific stock as part of the arrangement.
#corz
Core Scientific keeps buying power capacity to feed AI data center demand. It is building on a business it already reshaped from bitcoin mining.
That raises the real question: is this string of acquisitions building a genuinely differentiated AI infrastructure company or piling up debt-funded power capacity ahead of confirmed demand?
Photo from Nextpower website
CEO Adam Sullivan said the deal is "another example of how we are strategically expanding our power portfolio," noting the company has added more than 600 megawatts of leasable power through site acquisitions this year alone. Core Scientific, Inc. (NASDAQ:CORZ) is already contracted to deliver the next roughly 82 megawatts at Muskogee to a customer starting in the second half of 2027. The company also signed a deal with AMD in July. It gave AMD access to more than 500 megawatts of AI-ready data center capacity starting in 2027, expandable to 2.5 gigawatts. AMD received market-priced warrants to purchase Core Scientific stock as part of the arrangement.
#corz
1 day ago
