Core Scientific has completed its acquisition of Polaris DS, taking control of about 440 megawatts of in-service, grid-connected power in Oklahoma and pivoting the site toward high-density colocation (data center hosting for densely packed servers) for artificial intelligence workloads. The Nasdaq-listed company closed the deal on August 13 at approximately $444.3 million in cash, above the roughly $421 million price announced on May 6, with the final amount still subject to customary post-closing adjustments. The site sits next to Core Scientific’s existing Muskogee campus and includes a 40-acre property with its own electrical substation under existing service agreements with Oklahoma Gas & Electric. Core Scientific said the acquisition should speed delivery of new capacity to future customers and has already started building a second, unleased facility of about 82.5 megawatts, with the next roughly 82 MW now expected in the second half of 2027. The company is targeting about 1.5 gigawatts of gross power at Muskogee as it broadens a wider shift away from bitcoin mining toward AI and other compute-intensive colocation. That transition has weighed on mining output: Core Scientific said first-quarter 2026 bitcoin production fell 45% from a year earlier, while it billed for 243 MW of colocation capacity generating roughly $350 million in average annualized revenue on a GAAP basis.