Exclusivity with initial HPC anchor tenant expired
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
The exclusive negotiation period with the initial HPC anchor tenant identified for the Ellendale campus expired at the end of March 2024.
Source (primary)
applied-digital 8-K exhibit (apld3q24earningsrelease.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-08)Live source ↗
Quote: “The exclusive negotiation period with the initial HPC anchor tenant identified for our Ellendale campus expired at the end of March.”
How we checked this
Checked on November 10, 2026. The cited source supports every part of this claim.
The April 11, 2024 release states that the exclusive negotiation period with the initial Ellendale HPC anchor tenant expired at the end of March.
Confirmed in the source:
- There was an exclusive negotiation period with an initial HPC anchor tenant identified for the Ellendale campus
- That period expired at the end of March 2024
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000077/apld3q24earningsrelease.htm) in full (28,454 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apld3q24earningsrelease.htm)
Quote: “The exclusive negotiation period with the initial HPC anchor tenant identified for our Ellendale campus expired at the end of March.”