Polaris Forge 2 200MW AI Factory campus in Harwood, North Dakota
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
200 megawatts of critical IT load at Polaris Forge 2 AI Factory campus in Harwood, North Dakota to be funded by net proceeds of the $2.15 billion note offering
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-13)Live source ↗
Quote: “APLD Compute 2 intends to use the net proceeds from the Offering to fund the development and construction of 200 megawatts of critical IT load at Polaris Forge 2, its AI Factory campus in Harwood, North Dakota”
How we checked this
Checked on September 20, 2026. The cited source supports every part of this claim.
The document explicitly states net proceeds will fund 200 MW of critical IT load at Polaris Forge 2, its AI Factory campus in Harwood, North Dakota.
Confirmed in the source:
- Net proceeds of the $2.15 billion note offering will fund development and construction of 200 megawatts of critical IT load at Polaris Forge 2
- Polaris Forge 2 is an AI Factory campus located in Harwood, North Dakota
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000149315226008772/ex99-1.htm) in full (8,181 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “APLD Compute 2 intends to use the net proceeds from the Offering to fund the development and construction of 200 megawatts of critical IT load at Polaris Forge 2, its AI Factory campus in Harwood, North Dakota”