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via The Block · By The Block Editorial

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

548 views

0 comments

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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