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Trade CORZ with leverageThe latest announcement is out from Core Scientific Inc ( (CORZ) ).
On May 5, 2026, Core Scientific entered into a merger agreement to acquire Polaris DS LLC’s assets via a statutory merger, in a deal valued at about $421 million in cash, plus up to $40 million contingent on additional electric capacity. The acquisition centers on roughly 40 acres in Muskogee, Oklahoma, an on-site substation, and long-term power agreements providing up to 440 MW of continuous electricity, which will make the site a wholly owned subsidiary adjacent to the company’s existing data center operations.
Ahead of closing, Polaris DS will transfer its operating business to an affiliate so Core Scientific acquires only land, power infrastructure and related contracts, while the seller’s affiliate temporarily leases parts of the premises to wind down existing operations through June 30, 2028. The transaction, expected to close by early third quarter 2026 subject to regulatory and customary conditions, underpins Core Scientific’s broader plan to scale its Muskogee campus to about 1.5 GW of gross power, accelerate delivery of new capacity for high-density compute customers, and deepen its strategic presence in Oklahoma’s data center and AI infrastructure market.
The most recent analyst rating on (CORZ) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on Core Scientific Inc stock, see the CORZ Stock Forecast page.
Spark’s Take on CORZ Stock
According to Spark, TipRanks’ AI Analyst, CORZ is a Neutral.
CORZ scores below average primarily due to weak financial performance—persistent losses, negative equity, heavy debt, and a recent return to sharply negative free cash flow. Technicals are a meaningful positive with strong trend/momentum, while the earnings call and recent corporate actions support the AI colocation growth narrative but still carry notable execution, customer concentration, and control-risk overhangs.
To see Spark’s full report on CORZ stock, click here.
More about Core Scientific Inc
Core Scientific, Inc. is a U.S.-based operator of large-scale, purpose-built data centers providing high-density colocation services, primarily supporting artificial intelligence workloads. The company generates most of its revenue from high-density colocation, supplemented by digital asset self-mining and hosting, and is repurposing remaining mining facilities to expand its digital infrastructure footprint across multiple states, including Oklahoma.
Average Trading Volume: 12,523,978
Technical Sentiment Signal: Buy
Current Market Cap: $6.66B
Learn more about CORZ stock on TipRanks’ Stock Analysis page.