Letter of intent with US-based hyperscaler for capacity lease
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Entered into exclusivity and executed letter of intent with US-based hyperscaler for 400 MW capacity lease, including current 100 MW facility and two forthcoming Ellendale buildings
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 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
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Additional evidence
confirms Applied Digital 10-K filed 2024-08-30
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”