Polaris

Core Scientific has announced the acquisition of Bitcoin miner Polaris for $421 million, aiming to expand its AI data center operations in Oklahoma. The deal reflects the accelerating trend of Bitcoin mining companies transitioning to AI data centers. As AI computing demand surges, miners’ power infrastructure and cooling systems have become valuable AI computing resources. Polaris operates large-scale data center facilities in Oklahoma. Post-acquisition, Core Scientific will gain additional AI computing capacity. This merger continues the industry wave of miners transforming into AI infrastructure providers. ...

[Brief] Core Scientific Acquires Polaris in 421 Million Dollar AI Data Center Deal According to The Block, Core Scientific announced the acquisition of Bitcoin miner Polaris for $421 million to expand its AI data center campus in Oklahoma. Polaris’s 40-acre site is energized and operating with 40 megawatts of contracted power through Oklahoma Gas and Electric. This reflects the ongoing trend of mining companies pivoting toward AI infrastructure. Source: The Block ...