Core Scientific jumps after announcing $421M Polaris DS acquisition to expand Oklahoma power capacity

Core Scientific, Inc. (CORZ) is up 9.8% today. Here is some analysis on what might have caused this price movement.

Analysis: Shares appear to be reacting to the company’s newly announced acquisition of Polaris DS LLC, a deal that adds land and contracted power capacity adjacent to its Muskogee, Oklahoma operations. The transaction strengthens Core Scientific’s ability to scale high-density colocation capacity for AI/HPC customers, which investors have treated as a key driver of the company’s longer-term revenue mix.

Details:

The company disclosed it signed a merger agreement to acquire Polaris DS LLC for about $421 million in cash, plus up to $40 million of contingent consideration tied to additional electric capacity.

The acquired assets include acreage next to Core Scientific’s Muskogee site, an on-site substation, and electrical service arrangements designed to provide up to roughly 440 MW of gross power.

Core Scientific said the acquisition supports its broader plan to scale the Muskogee campus to about 1.5 GW of gross power, which could accelerate timelines for delivering additional capacity to high-density compute customers.

The company indicated the transaction is expected to close in the third quarter of 2026, subject to regulatory approvals and customary closing conditions.

Sources:

SEC (Form 8-K), Core Scientific Investor Relations, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CORZ Insider Trading Activity

$CORZ insiders have traded $CORZ stock on the open market 7 times in the past 6 months. Of those trades, 1 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $CORZ stock by insiders over the last 6 months:

TODD M DUCHENE (See remarks) has made 0 purchases and 6 sales selling 50,000 shares for an estimated $910,977.
ERIC STANTON WEISS purchased 7,000 shares for an estimated $101,699

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

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$CORZ Hedge Fund Activity

We have seen 204 institutional investors add shares of $CORZ stock to their portfolio, and 190 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SITUATIONAL AWARENESS LP added 8,575,944 shares (+42.5%) to their portfolio in Q4 2025, for an estimated $124,865,744
VALUE ALIGNED RESEARCH ADVISORS, LLC added 8,089,697 shares (+inf%) to their portfolio in Q4 2025, for an estimated $117,785,988
FMR LLC removed 7,583,198 shares (-93.3%) from their portfolio in Q4 2025, for an estimated $110,411,362
UBS GROUP AG added 5,716,683 shares (+28.8%) to their portfolio in Q1 2026, for an estimated $85,521,577
TOMS CAPITAL INVESTMENT MANAGEMENT LP removed 5,663,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $82,453,280
VANGUARD GROUP INC added 5,359,710 shares (+18.7%) to their portfolio in Q4 2025, for an estimated $78,037,377
COVALIS CAPITAL LLP added 5,341,913 shares (+inf%) to their portfolio in Q4 2025, for an estimated $77,778,253

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$CORZ Analyst Ratings

Wall Street analysts have issued reports on $CORZ in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

BTIG issued a "Buy" rating on 01/06/2026

To track analyst ratings and price targets for $CORZ, check out Quiver Quantitative's $CORZ forecast page.

$CORZ Price Targets

Multiple analysts have issued price targets for $CORZ recently. We have seen 9 analysts offer price targets for $CORZ in the last 6 months, with a median target of $25.0.

Here are some recent targets:

Brett Knoblauch from Cantor Fitzgerald set a target price of $29.0 on 04/09/2026
Paul Golding from Macquarie set a target price of $28.0 on 03/04/2026
Joseph Vafi from Canaccord Genuity set a target price of $20.0 on 03/04/2026
Kevin Dede from HC Wainwright & Co. set a target price of $25.0 on 03/03/2026
John Todaro from Needham set a target price of $23.0 on 03/03/2026
Jon Hickman from Ladenburg Thalmann set a target price of $23.75 on 03/03/2026
Stephen Glagola from Keefe, Bruyette & Woods set a target price of $25.0 on 01/27/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.