Core Scientific Spends $444 Million on Power Capacity

M&A · PartnershipProduct / Tech Impact 4
โดย Insider Monkey·US·Read original
Summary · why it matters

Core Scientific, Inc. (NASDAQ:CORZ) completed its acquisition of Polaris DS for roughly $444 million in cash on August 14, 2026, 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. 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 is already contracted to deliver the next roughly 82 megawatts at Muskogee to a customer starting in the second half of 2027, and it signed a deal with AMD in July that gives AMD access to more than 500 megawatts of AI-ready data center capacity starting in 2027, expandable to 2.5 gigawatts, with AMD receiving market-priced warrants to purchase Core Scientific stock. However, the company is still repurposing former bitcoin-mining sites into AI hosting capacity, a shift that isn't fully complete, and it hasn't disclosed the financing terms behind its acquisition spree, including this latest $444 million deal. Competition for power and data center capacity has intensified sharply, with AMD, Nvidia, and other chipmakers signing similar megawatt-scale deals across multiple providers, meaning Core Scientific's newly acquired capacity might not stay rare or valuable for long. As of Q1 2026, 81 hedge funds held Core Scientific, up from 76, while Riot Platforms was held by 49 hedge funds, down from 55, and CleanSpark by 37, up from 32.

Impact on stocks 7

Digital Finance & Tokenization▲ · 3 stocks
Core Scientific, Inc. Common Stock
CORZ
▲ PositiveCapitalCompetitionrelevance

Core Scientific completes $444M acquisition adding 440 MW power capacity, expanding its portfolio and securing future revenue streams.

Artificial Intelligence▲ · 2 stocks
Advanced Micro Devices Inc
AMD
▲ PositiveDemandrelevance

AMD secures over 500 MW of AI-ready data center capacity from Core Scientific, expandable to 2.5 GW, supporting its AI infrastructure needs.

Energy Transition & Power Demand▲ · 2 stocks

Theme Impact 3

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