Large anchor customer within 2 months
Company: Applied Digital
What the later record shows
Delivered; the record does not say when
The Ellendale HPC facility (Polaris Forge 1) later had master hosting agreements and lease customers, but no passage dates the anchor signing. A May 2023 first customer was in the Cloud Services Business and is not tied to the HPC facility. The 2024 S-1 still described HPC revenue as future, which suggests the anchor came after the two-month window.
“We announced that we had signed our first customer in our Cloud Services Business May 2023.”
2024-10-21 · ARS View cached copy (2026-09-01)Live source ↗Archive.org ↗
“a collateral assignment of the Company’s rights and interests in all master hosting agreements related to the Ellendale HPC Facility”
2025-04-13 · Applied Digital 10-Q filed 2025-04-14 View cached copy (2026-08-31)Live source ↗
“we have entered into numerous lease agreements with multiple customers for a combined capacity of approximately 1.4 GW”
2026-07-29 · View 10-K View cached copy (2026-09-01)Live source ↗Archive.org ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Company optimistic to secure large anchor customer for HPC facility within approximately 2 months
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “We have had significant interest in the new facility and are optimistic we will secure a large anchor customer in the next two months”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The release states the company is optimistic about securing a large anchor customer for the new HPC facility within the next two months.
Confirmed in the source:
- The company reported significant interest in the new HPC facility
- The company is optimistic it will secure a large anchor customer for the HPC facility in the next two months
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/53/applied-digital-reports-fiscal-third-quarter-2023-financial/) in full (25,366 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “We have had significant interest in the new facility and are optimistic we will secure a large anchor customer in the next two months”
confirms Applied Digital 10-Q filed 2025-04-14
Quote: “a collateral assignment of the Company’s rights and interests in all master hosting agreements related to the Ellendale HPC Facility”
confirms View 10-K
Quote: “we have entered into numerous lease agreements with multiple customers for a combined capacity of approximately 1.4 GW”
confirms ARS
Quote: “We announced that we had signed our first customer in our Cloud Services Business May 2023.”