Extension of exclusivity under hyperscaler LOI for Ellendale HPC campus
Company: Applied Digital - Project: Polaris Forge 1
What the later record shows
Not a promise: a reported event · happened July 26, 2024
The claim reports an exclusivity extension signed on July 26, 2024, which was already done when it was stated on 2024-08-28.
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
On July 26, 2024, Applied Digital entered into an agreement extending the exclusivity period under the LOI for leasing its Ellendale, North Dakota HPC data center campus.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “On July 26, 2024, Applied Digital Corporation entered into an agreement extending the exclusivity period under the previously announced LOI for leasing the Company's Ellendale, North Dakota HPC data center campus.”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The press release states that on July 26, 2024, the Company extended the exclusivity period under the previously announced LOI for leasing its Ellendale, North Dakota HPC campus.
Confirmed in the source:
- On July 26, 2024, Applied Digital entered into an agreement extending the exclusivity period under a previously announced LOI
- The LOI concerns leasing the Company's Ellendale, North Dakota HPC data center campus
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/105/applied-digital-reports-fiscal-fourth-quarter-and-full-year/) in full (35,062 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “On July 26, 2024, Applied Digital Corporation entered into an agreement extending the exclusivity period under the previously announced LOI for leasing the Company's Ellendale, North Dakota HPC data center campus.”