Polaris Forge 1 (400 MW) and Polaris Forge 2 (200 MW) fully funded
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
The full 400 MW Polaris Forge 1 campus and Polaris Forge 2's contracted 200 MW are funded, per Needham.
Source (primary)
Needham cuts Applied Digital price target to $70 on regulatory and financing risk - Yahoo Finance (-, news_article)
View cached copy (2026-10-09)Live source ↗Archive.org ↗
Quote: “Needham said the full 400 MW campus and Polaris Forge 2's contracted 200 MW are funded.”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The article attributes to Needham the statement that the full 400 MW campus and Polaris Forge 2's contracted 200 MW are funded. The surrounding text identifies that campus as Polaris Forge 1.
Confirmed in the source:
- Needham said the full 400 MW Polaris Forge 1 campus is funded
- Needham said Polaris Forge 2's contracted 200 MW are funded
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/needham-cuts-applied-digital-price-141452666.html) in full (8,735 characters, retrieved October 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Needham cuts Applied Digital price target to $70 on regulatory and financing risk - Yahoo Finance
Quote: “Needham said the full 400 MW campus and Polaris Forge 2's contracted 200 MW are funded.”