Core Scientific to buy Bitcoin miner Polaris, stock jumps 11%

The story

Core Scientific's strategic expansion and acquisition efforts position it to capitalize on the surging AI data center market demand. The post Core Scientific to buy Bitcoin miner Polaris, stock jumps 11% appeared first on Crypto Briefing .

From the source

Core Scientific to buy Bitcoin miner Polaris, stock jumps 11% Following its bankruptcy recovery, Core Scientific shifts focus from Bitcoin mining to AI data center expansions.

this.removeAttribute('data-copied'), 2000);" class="w-7 h-7 border border-foreground/30 text-foreground rounded-full flex items-center justify-center hover:bg-muted transition-colors" aria-label="Copy link" > Add us on Google by Vivian Nguyen May. 6, 2026 Core Scientific announced on Wednesday a multi-phase strategy to grow its Muskogee, Oklahoma campus to around 1.5 GW of gross power capacity, including about 1.0 GW of leasable infrastructure for high-density colocation.

The initiative includes an agreement to acquire Polaris DS LLC, which brings 440 MW of contracted power through Oklahoma Gas & Electric. The acquisition is expected to close in the third quarter of 2026 using existing liquidity, subject to customary conditions.

Who and what

Key names and topics in this story: Core Scientific, Bitcoin, Polaris.

Where to follow next

• Read the full piece at cryptobriefing.com
• More from our Crypto & web3 coverage