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Letter of intent with hyperscaler for 400 MW capacity lease

Company: Applied Digital - Project: Polaris Forge 1

Subject kind
partnership
Statement date
2024-09-10
Promised amount
400.0 MW
Current status
stated

The claim, verbatim

Entered into exclusivity and letter of intent with US-based hyperscaler for 400 MW capacity lease including current 100 MW facility and two forthcoming buildings in Ellendale, ND

Source (primary)

Applied Digital 424B3 filed 2024-09-11 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “The Company has entered into exclusivity and executed a letter of intent with a US-based hyperscaler for a 400 MW capacity lease, inclusive of our current 100 MW facility and two forthcoming buildings in Ellendale, North Dakota.”

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/1144879/000114487924000238/apld-prospectusyorkvillepo.htm) in full (84,274 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital 424B3 filed 2024-09-11

Quote: “The Company has entered into exclusivity and executed a letter of intent with a US-based hyperscaler for a 400 MW capacity lease, inclusive of our current 100 MW facility and two forthcoming buildings in Ellendale, North Dakota.”

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