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Data centers · Evidence brief

Core Scientific closes $444M Polaris buy for 1.5 GW Muskogee plan

Core Scientific + Polaris DS + Oklahoma Gas & Electric

Primary sourcePress release only2026-05-06
Deal structurePower-and-land acquisition / high-density AI data-center campus expansion
GeographyMuskogee, Oklahoma / Oklahoma Gas & Electric service territory
Infrastructure layersData centers + power + cloud capacity
Disclosed scale$444M cash acquisition securing approximately 440 MW of in-service grid-connected power; approximately 1.5 GW gross power target, or about 1.0 GW leasable power, for the Muskogee campus

Why it matters

The strategic read

Adds another crypto-to-AI conversion pathway at gigawatt scale. Core Scientific is using acquisitions, grid expansion, behind-the-meter generation planning and adjacent land control to turn Muskogee from a single leased GB300-ready building into a 1 GW leasable high-density compute campus.

Source-supported terms

What was disclosed

  1. 01

    Core Scientific announced a multi-tiered strategy to scale its Muskogee, Oklahoma campus to approximately 1.5 GW of gross power, or approximately 1.0 GW of leasable power.

  2. 02

    Core Scientific completed the Polaris DS acquisition on August 13, 2026 for approximately $444M in cash, subject to customary post-closing adjustments.

  3. 03

    The acquisition secured approximately 440 MW of currently in-service gross, grid-connected power capacity under existing electric service agreements with Oklahoma Gas & Electric.

  4. 04

    The original 8-K described about 40 acres adjacent to Core Scientific’s existing Muskogee data-center operations, an electrical substation, the electric service agreements and related utility contracts among Polaris's material assets.

  5. 05

    Core Scientific remains on track to deliver the next approximately 82 MW at Muskogee to its customer beginning in the second half of 2027.

  6. 06

    Core Scientific said its current leased 70 MW Muskogee building designed to support the NVIDIA GB300 platform is in final testing and commissioning, with second-quarter 2026 delivery to its customer on track.

  7. 07

    Core Scientific also has load studies underway for grid-connected expansion and has developed a scalable behind-the-meter solution plan supported by approximately 250 acres of secured land.

Disclosure boundary

What is known—and what is not

The acquisition closed on August 13, 2026 for approximately $444M in cash and secured about 440 MW of in-service grid-connected power under existing OG&E agreements. The full purchase agreement, post-closing adjustments, future customer leases, full power-delivery milestones, grid-expansion study results, behind-the-meter generation plan, construction contracts, financing links and operating economics are not public in full.