Polaris Forge 1 third HPC building
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Construction of a third 150 MW HPC building at Polaris Forge 1, funded by the senior secured notes.
Source (primary)
Applied Digital Q1 Earnings Miss on Higher Costs, Revenues Beat - Yahoo Finance (-, news_article)
View cached copy (2026-10-09)Live source ↗
Quote: “to fund construction of the third 150 MW HPC building at Polaris Forge 1”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The article says APLD closed $1.59 billion of 7% senior secured notes due 2031 to fund construction of the third 150 MW HPC building at Polaris Forge 1.
Confirmed in the source:
- A third 150 MW HPC building is being built at Polaris Forge 1
- Its construction is funded by Applied Digital's senior secured notes
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/applied-digital-q1-earnings-miss-140100245.html) in full (12,813 characters, retrieved October 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Q1 Earnings Miss on Higher Costs, Revenues Beat - Yahoo Finance
Quote: “to fund construction of the third 150 MW HPC building at Polaris Forge 1”