On August 25, Core Scientific, Inc. rose 5.21% in regular trading, trading at $18.155/share with turnover of $33.80 million. The rally was driven by the company's completion of its acquisition of Polaris DS for approximately $444 million in cash, adding about 440 megawatts of gross, grid-connected power capacity in Oklahoma.

The company reiterated plans to scale its Muskogee campus to approximately 1.5 gigawatts of gross power, or 1 GW of leasable power, using grid-connected and behind-the-meter solutions. Core Scientific expects to deliver the next 82 MW at Muskogee to its customer beginning in H2 of 2027. This acquisition further strengthens the company's asset base following its recently announced partnership with AMD to provide up to 2.5 gigawatts of data center capacity for AI solutions.

Analyst sentiment remains positive, with B. Riley raising its price target to $42 from $33 while maintaining a Buy rating, and the consensus mean target standing at $36.71.

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