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HPC Ellendale expected operational in 2025

Company: Applied Digital - Project: Polaris Forge 1

Subject kind
facility timeline
Statement date
2024-11-21
Current status
stated

The claim, verbatim

The HPC Ellendale Facility is expected to become operational in calendar year 2025, at which point the HPC Hosting Business is expected to begin generating meaningful revenues.

Source (primary)

Applied Digital S-1/A filed 2024-11-22 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “We anticipate that this business segment will begin generating meaningful revenues once the HPC Ellendale Facility becomes operational, which is expected in calendar year 2025.”

How we checked this

Attempted on September 17, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315224047408/forms-1a.htm) in full (150,630 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital S-1/A filed 2024-11-22

Quote: “We anticipate that this business segment will begin generating meaningful revenues once the HPC Ellendale Facility becomes operational, which is expected in calendar year 2025.”

View cached copy (2026-08-31)Live source ↗