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Crypto World News reports that Core Scientific announced the acquisition of the Bitcoin mining company Polaris DS LLC located in Oklahoma for $421 million.
The transaction is expected to be completed in the third quarter of 2026, pending regulatory approval.
Polaris has a signed power agreement of 440 MW through Oklahoma Gas & Electric.
Its 40-acre campus is powered and operational, and it is adjacent to Core Scientific’s operations in Muskogee.
Core Scientific stated that this deal will help it rapidly expand its AI business and support transforming and expanding its existing Bitcoin mining facilities into high-density hosting services for AI and compute-intensive workloads.