$337.5M allocated to Polaris Forge 1 subject to senior notes closing
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
$337.5 million of the Macquarie funding will be allocated to Polaris Forge 1 in Ellendale, North Dakota, subject to closing of the $2.35 billion senior secured notes offering.
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-26)Live source ↗
Quote: “Macquarie Asset Management will fund the remaining $337.5 million into Polaris Forge 1 in Ellendale, North Dakota, subject to the closing of the Company's previously announced $2.35 billion senior secured notes offering and other customary conditions.”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The release says the remaining $337.5 million goes to Polaris Forge 1 in Ellendale, subject to the closing of the $2.35 billion senior secured notes offering and other customary conditions.
Confirmed in the source:
- Macquarie Asset Management will fund $337.5 million into Polaris Forge 1
- Polaris Forge 1 is in Ellendale, North Dakota
- This funding is subject to the closing of the Company's $2.35 billion senior secured notes offering
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000149315225021955/ex99-1.htm) in full (9,989 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “Macquarie Asset Management will fund the remaining $337.5 million into Polaris Forge 1 in Ellendale, North Dakota, subject to the closing of the Company's previously announced $2.35 billion senior secured notes offering and other customary conditions.”