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📰 【Core Scientific Acquires Bitcoin Miner Polaris for $421 Million to Expand AI Data Centers】
BlockBeats reports that on May 6, Core Scientific announced it will acquire Polaris DS LLC, a Bitcoin mining company headquartered in Oklahoma, for $421 million. Through this acquisition, Core Scientific will obtain the 440-megawatt power contract Polaris has signed with Oklahoma Gas & Electric, with the aim of rapidly expanding its AI business. The deal is expected to be completed in the third quarter of 2026. At present, Core Scientific is converting its existing facilities in Texas, Georgia, North Carolina, and Oklahoma...
Brothers, take a look at this market. The big miner Core Scientific spends $421 million to buy a mining company—do you think it’s for mining? Naive! They’re spending this money on a 440-megawatt power contract in Oklahoma to build AI data centers. Institutions have long figured it out: in the future, the biggest consumer of compute power won’t be Bitcoin, it’ll be AI. Retail investors are still staring at the charts like fools, while they’ve already started setting up their track. These two things are still like two fleas on the same ship, but the direction has changed—see it clearly.
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