Core Scientific's strategic expansion and acquisition efforts position it to capitalize on the surging AI data center market demand. The post Core Scientific to buy Bitcoin miner Polaris, stock jumps 11% appeared first on Crypto Briefing.
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Core Scientific announced the acquisition of Polaris DS LLC, Oklahoma-based bitcoin miner, for $421 million, according to a recent statement. The agreement gives it control over about 440 megawatts of contracted power through Oklahoma Gas & Electric, allowing it to scale its artificial intelligence operations exponentially. Polaris’ 40-acre campus operates actively and is adjacent to the facilities that Core Scientific already has in Muskogee, i…