Core Scientific said it plans to scale its Muskogee, Oklahoma campus to about 1.5 gigawatts of gross power, or roughly 1.0 gigawatt of leasable power, as it combines an acquisition, new construction and grid expansion work.
The company said it has agreed to buy Polaris DS LLC, which has 440 megawatts of gross power contracted under an energy agreement with Oklahoma Gas & Electric and is already in use. Core Scientific expects that deal to close in the third quarter of 2026, funded with existing liquidity.
At the same time, Core Scientific said construction has started on a second, unleased 82.5-megawatt building at the campus. Initial delivery of that building is expected in the fourth quarter of 2027.
The company also said load studies are underway to expand grid-connected capacity, with those studies expected to be completed this year. In addition, it has developed a behind-the-meter power plan and has secured about 250 acres of land to support the expansion.
Core Scientific said its current leased 70-megawatt building at Muskogee, designed for the Nvidia GB300 platform, is in final testing and commissioning and is on track for delivery to its customer in the second quarter of 2026.
In total, the company’s Muskogee buildout would move from one 70-megawatt leased building today to a campus target of 1.5 gigawatts of gross power, with the newly acquired 440 megawatts, the 82.5-megawatt building and additional planned capacity forming the next phase of the site’s expansion. As a result of these announcements, the company's shares have moved 10.12% on the market, and are now trading at a price of $24.435. For the full picture, make sure to review Core Scientific's 8-K report.
