Core Scientific Announces Acquisition of Polaris DS for ~$444M

What Happened Core Scientific, Inc. announced it completed the previously announced acquisition of Polaris DS LLC (the Target). The merger closed on August 13, 2026, pursuant to the Agreement and Plan of Merger dated May 5, 2026; a related press release was furnished under Regulation FD on August 14, 2026. Polaris DS survived the merger as a wholly owned subsidiary of Core Scientific.

Key Details

• Aggregate purchase price paid at closing: approximately $444.3 million in cash, subject to customary post-closing purchase price adjustments.
• Potential additional payment: purchase price may increase by $40 million if an additional 40 megawatts of firm electric capacity becomes available to the Target before December 31, 2026.
• A portion of the purchase price was withheld and placed in escrow to secure indemnification obligations of the seller and parent sub.
• The Merger Agreement was originally dated May 5, 2026 and previously filed as Exhibit 2.1 to Core Scientific’s Form 8‑K on May 6, 2026.

Why It Matters This is a material cash acquisition that will affect Core Scientific’s balance sheet and cash position (approximately $444.3M paid at closing, plus potential contingent $40M). Investors should monitor any post-closing purchase price adjustments, the escrow and indemnity exposures, and whether the contingency tied to additional firm electric capacity is met by December 31, 2026, which would trigger the extra $40M payment. The company furnished a press release under Regulation FD announcing the closing.