HPC Ellendale Facility operational timeline
Company: Applied Digital
What the later record shows
Delivered on time
The Ellendale 100 MW HPC facility, the first Polaris Forge campus in Ellendale, achieved Ready-for-Service on schedule. Lease revenue began in the quarter ended November 30, 2025, which is within calendar 2025.
“Achieved Ready‑for‑Service at Polaris Forge 1, delivering 100 MW on schedule and fully energizing the first building (ELN-02)”
2026-01-06 · applied-digital 8-K exhibit (apldq226earningsrelease.htm) View cached copy (2026-09-22)Live source ↗
“The Company began recognizing revenue associated with certain of its data center leases as accounted for under ASC 842 in the second quarter of the current fiscal year.”
2026-04-07 · Applied Digital 10-Q filed 2026-04-08 View cached copy (2026-08-30)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
HPC Ellendale Facility expected to become operational in calendar year 2025 with meaningful revenue generation anticipated
Source (primary)
Applied Digital S-1 filed 2024-09-11 (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
Checked on October 10, 2026. The cited source supports every part of this claim.
The September 2024 S-1 states the company anticipates the HPC segment will begin generating meaningful revenues once the HPC Ellendale Facility becomes operational, which is expected in calendar year 2025. Both parts of the claim appear in the filing as company expectations, not as completed events.
Confirmed in the source:
- Applied Digital expected the HPC Ellendale Facility to become operational in calendar year 2025
- Applied Digital anticipated its HPC Hosting Business would begin generating meaningful revenues once the HPC Ellendale Facility became operational
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000241/apld-cimresalesx1.htm) in full (112,203 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-1 filed 2024-09-11
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.”
confirms Applied Digital 10-Q filed 2026-04-08
Quote: “The Company began recognizing revenue associated with certain of its data center leases as accounted for under ASC 842 in the second quarter of the current fiscal year.”
confirms applied-digital 8-K exhibit (apldq226earningsrelease.htm)
Quote: “Achieved Ready‑for‑Service at Polaris Forge 1, delivering 100 MW on schedule and fully energizing the first building (ELN-02)”