Ellendale first data center nearing completion; second in build-out
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
The CEO said construction of the first data center on the Ellendale campus is nearing completion and the facility capital will be used to progress build-out of the second data center.
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-16)Live source ↗
Quote: “This facility gives us flexibility to access capital that will be used to progress the build-out of our second data center while nearing completion on the construction on our first data center on that campus.”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The press release quotes the CEO saying that the facility capital will advance the second data center while the first nears completion.
Confirmed in the source:
- CEO Wes Cummins made the statement
- Construction of the first data center on the Ellendale campus is nearing completion
- Capital from the facility will be used to progress build-out of the second data center
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000164117225008007/ex99-1.htm) in full (7,466 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “This facility gives us flexibility to access capital that will be used to progress the build-out of our second data center while nearing completion on the construction on our first data center on that campus.”