CORZ Stock Hits Record High Amid Oklahoma Expansion Plans

Core Scientific's stock price soared to a record high of over $25 on Wednesday, May 6, 2026, following the company's announcement to expand its Oklahoma campus to 1.5 gigawatts of total power capacity.

The Austin-based company plans to scale its Muskogee campus, positioning it among the largest U.S. data center projects, with the acquisition of Polaris DS LLC adding 440 MW of operational capacity.

The expansion reflects Core Scientific's broader transition from Bitcoin mining toward AI infrastructure and compute services, with the company already studying ways to increase its power capacity from the grid and securing about 250 acres of land for future development.