Core Scientific has completed its acquisition of Polaris DS for approximately $444 million in cash. The deal secures roughly 440 megawatts of gross, grid-connected power capacity currently in service under existing electric service agreements with Oklahoma Gas & Electric. Through site acquisitions this year, Core Scientific has added more than 600 megawatts of leasable power to its portfolio. The company reiterated plans to scale its Muskogee campus to approximately 1.5 gigawatts of gross power through grid-connected and behind-the-meter solutions. Core Scientific is scheduled to deliver the next approximately 82 megawatts at Muskogee to its customer beginning in the second half of 2027. The company specialises in designing and operating large-scale data centres for high-density colocation services, primarily serving artificial intelligence-related workloads.

TeraWulf emerges strong in Texas data center audit, outshining rivals CleanSpark and Core Scientific. Aug 5, 2026 - 02:31 In a move that is sending shockwaves throughout the cryptocurrency mining industry, Bernstein has come out in support of TeraWulf, declaring the company the winner in a recent Texas data center audit. The highly anticipated audit, which aimed to assess the environmental sustainability and operational efficiency of major players in the Texas data center market, has yielded some surprising results. While CleanSpark and Core Scientific, both prominent players in the cryptocurrency mining space, were expected to excel, TeraWulf has emerged as the clear winner. According to the report, TeraWulf stood out for its commitment to sustainability, boasting a significantly lower carbon footprint compared to its competitors. This achievement is a testament to the company's dedication to reducing its environmental impact and creating a more environmentally friendly data center. Additionally, the audit highlighted TeraWulf's operational efficiency, citing its ability to optimize its data center's performance while minimizing energy consumption. This level of efficiency has allowed TeraWulf to stay ahead of the competition, even in a market where energy costs are a major concern. The audit's findings have significant implications for the cryptocurrency mining industry, which has been under increasing pressure to reduce its environmental impact. As the world continues to transition towards more sustainable energy sources, companies like TeraWulf that are leading the charge towards a more eco-friendly data center model are likely to reap the rewards. In a statement responding to the audit's findings, a spokesperson for TeraWulf said, 'We are thrilled to be recognized as a leader in the Texas data center market. Our commitment to sustainability and operational efficiency is at the heart of everything we do, and we are proud to be setting a new standard for the industry.' As the cryptocurrency mining industry continues to evolve, companies that prioritize sustainability and efficiency are likely to emerge as winners. With Bernstein's endorsement and the audit's findings, TeraWulf is well-positioned to take advantage of this trend and solidify its position as a leader in the industry. While CleanSpark and Core Scientific may have been overshadowed by TeraWulf in this audit, they are unlikely to give up their positions anytime soon. The competition in the Texas data center market is heating up, and it will be interesting to see how these companies respond to TeraWulf's lead. As the world continues to transition towards a more sustainable future, companies like TeraWulf that are prioritizing environmental sustainability and operational efficiency are likely to find success. The cryptocurrency mining industry is no exception, and TeraWulf's victory in the Texas data center audit is a testament to this trend.

Needham raised its price target for Core Scientific to $35 from $29, maintaining a Buy rating after the company secured a 15-year infrastructure partnership with AMD. The target implies 69% upside from the July closing price of $20.75. Core Scientific's initial agreements with AMD cover approximately 530 MW of critical IT capacity across five US sites, representing over $14 billion in potential base revenue. AMD will directly lease 377 MW under a triple-net structure, whilst an unnamed neocloud will lease another 152 MW with AMD credit support. The company reported second-quarter revenue of $164.2 million, up from $78.6 million year-on-year, beating estimates by 12%. Adjusted EBITDA reached $41.1 million versus Needham's $33 million forecast. Needham raised its 2027 revenue estimate to $1.234 billion from $975 million.