Core Scientific to acquire Polaris DS for ~$421M; Muskogee campus expansion to 1.5 GW

Core Scientific, Inc./tx

Total purchase price ~$421M in cash; additional $40M if 40 MW of firm capacity available by Dec 31, 2026.
Acquisition adds 440 MW of gross power under agreement with Oklahoma Gas & Electric; expected close early Q3 2026.
Target assets include ~40 acres adjacent to Core Scientific's Muskogee campus and electrical substation.
Core Scientific plans to expand Muskogee campus to ~1.5 GW gross power; second 82.5 MW building delivery Q4 2027.
Existing 70 MW building for Nvidia GB300 platform on track for Q2 2026 delivery; funded from existing liquidity.

item 1.01 item 7.01 item 9.01

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