Core Scientific to acquire bitcoin miner Polaris in $421 million deal to expand Oklahoma AI data center campus

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The Block Editorial

(02:14 PM UTC)

1 min read

Updated byEmily Watson

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Core Scientific (NASDAQ: CORZ) has acquired Polaris DS LLC, an Oklahoma-based bitcoin miner, for $421 million, according to an announcement on Wednesday.

The deal will provide Core with 440 megawatts of contracted power Polaris had through Oklahoma Gas & Electric, allowing it to rapidly scale its AI operations.

CORZ is up roughly 9% to over $24 on Wednesday morning, according to T…