The closing itself was expected. Core Scientific completed the previously announced Polaris DS acquisition on August 13, 2026, consistent with the earlier expectation for a third-quarter close. 〔0〕
The final price came in above the original headline figure. The May announcement called for approximately $421 million in cash, while the closing filing reports $444.3 million—about $23.3 million, or 5.5%, higher—before any further adjustment.
| Item | Announced May 5, 2026 | Closing filing |
|---|---|---|
| Cash purchase price | ~$421 million | $444.3 million |
| Potential additional payment | $40 million | $40 million |
| Capacity condition | Additional 40 MW | Must become available by December 31, 2026 |
The higher price is the only clear surprise, but its economic meaning is not disclosed. The filing attributes the difference to customary post-closing adjustments but provides no revenue, earnings, financing, or return metrics for Polaris, so the extra cash cannot be judged as value-creating or value-destructive from this filing alone.
Net read: confirmation with a modest cost overhang. The strategic event was already largely priced in because the acquisition and its 440-MW power opportunity had been announced; the new information is the higher cash outlay and the remaining possibility of another $40 million payment if the additional 40 MW becomes available.
Read the original 8-K on SEC EDGAR ↗