Polaris Forge 1 project financing
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
With the CoreWeave leases in place, the company says it is advancing toward finalizing project financing for the Polaris Forge 1 campus.
Source (primary)
applied-digital 8-K exhibit (apldq425earningsrelease.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-09)Live source ↗
Quote: “we believe we are advancing toward finalizing project financing to ensure long-term financial stability and support the campus' continued growth and scalability.”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The release says that with the two 15-year leases in place, the company believes it is advancing toward finalizing project financing for the campus.
Confirmed in the source:
- The CoreWeave lease agreements are in place
- The company says it believes it is advancing toward finalizing project financing for the Polaris Forge 1 campus
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487925000019/apldq425earningsrelease.htm) in full (40,651 characters, retrieved October 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apldq425earningsrelease.htm)
Quote: “we believe we are advancing toward finalizing project financing to ensure long-term financial stability and support the campus' continued growth and scalability.”