Crypto mining company Core Scientific acquires Polaris DS to expand AI data center

Techub News, according to CoinPost, mining company Core Scientific has announced the acquisition of Bitcoin mining firm Polaris DS for approximately $421 million, planning to convert its power infrastructure in Oklahoma into an AI data center. The acquisition is expected to be completed in the third quarter of 2026. Core Scientific is one of the largest Bitcoin mining companies in North America and was relisted on Nasdaq in January 2024. The acquisition is part of the company's comprehensive strategy to transition into the AI data center business, aiming to directly repurpose the 440MW power infrastructure originally used for Bitcoin mining for AI workloads, and to expand total capacity to 1.5 GW.