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Polaris Forge 1 is 400-MW campus in Ellendale, North Dakota

Company: Applied Digital - Project: Polaris Forge 1

Subject kind
facility capacity
Statement date
2025-11-11
Promised amount
400.0 MW
Current status
stated

The claim, verbatim

Polaris Forge 1 is a 400-megawatt data center campus in Ellendale, North Dakota.

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: “The investment will provide additional non-dilutive capital for the 400-MW campus”

How we checked this

Checked on September 28, 2026. The cited source supports every part of this claim.

The release places Polaris Forge 1 in Ellendale and describes the Macquarie investment as capital for 'the 400-MW campus'.

Confirmed in the source:

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: “The investment will provide additional non-dilutive capital for the 400-MW campus”

View cached copy (2026-09-26)Live source ↗