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FINWIRES

Core Scientific Plans 1.5 GW Oklahoma Expansion

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-- Core Scientific (CORZ) said Wednesday it plans to expand its Muskogee, Oklahoma campus to about 1.5 gigawatts of gross power, including roughly 1.0 gigawatt of leasable capacity, to support high-density compute deployments.

As part of the plan, the company agreed to acquire Polaris DS, which has contracted 440 megawatts of gross power, with the deal expected to close in Q3.

The company said the acquisition will accelerate its timeline for new capacity, with construction already underway on an 82.5-megawatt facility slated for initial delivery in Q4 of 2027.

Shares of Core Scientific were up 9% in Wednesday trading.

Price: $24.18, Change: $+1.99, Percent Change: +8.97%

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