Polaris Forge 2 200 MW development
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
Polaris Forge 2 in Harwood, North Dakota to be developed with 200 MW of critical IT load funded by the ComputeCo 2 notes.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “Proceeds will fund development of 200 MW of critical IT load at Polaris Forge 2 in Harwood, North Dakota.”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The release says the ComputeCo 2 notes' proceeds will fund development of 200 MW of critical IT load at Polaris Forge 2 in Harwood, North Dakota.
Confirmed in the source:
- Applied Digital's subsidiary APLD ComputeCo 2 LLC completed a $2.15 billion offering of Senior Secured Notes
- Proceeds of the ComputeCo 2 notes will fund development of 200 MW of critical IT load at Polaris Forge 2
- Polaris Forge 2 is located in Harwood, North Dakota
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/159/applied-digital-reports-fiscal-fourth-quarter-and-full-year/) in full (55,619 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Proceeds will fund development of 200 MW of critical IT load at Polaris Forge 2 in Harwood, North Dakota.”
confirms Earnings Release
Quote: “Proceeds will fund development of 200 MW of critical IT load at Polaris Forge 2 in Harwood, North Dakota.”