Financing discussions for HPC Ellendale
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
The company is in advanced discussions with traditional financing counterparties for the investment-grade tenant lease at HPC Ellendale Facility
Source (primary)
Applied Digital 10-K filed 2024-08-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Company is in advanced discussions with traditional financing counterparties for this investment-grade tenant.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing, discussing the hyperscaler lease of the HPC Ellendale Facility, says the company is in advanced discussions with traditional financing counterparties for this investment-grade tenant.
Confirmed in the source:
- The company is in advanced discussions with traditional financing counterparties
- The financing relates to the investment-grade hyperscaler tenant for the HPC Ellendale Facility
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000216/apld-20240531.htm) in full (481,620 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 10-K filed 2024-08-30
Quote: “The Company is in advanced discussions with traditional financing counterparties for this investment-grade tenant.”