Polaris Forge 2 capacity funding
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
Applied Digital is funding 200 MW of capacity at Polaris Forge 2.
Source (primary)
B. Riley Maintains $75 Price Target On Applied Digital (NASDAQ: APLD) After Polaris Forge 2 Site Visit - foreignpolicyjournal.com (-, news_article)
View cached copy (2026-08-31)Live source ↗Archive.org ↗
Quote: “Applied Digital pricing $2.15 billion of senior secured notes to fund 200 MW at Polaris Forge 2”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The article says Applied Digital priced $2.15 billion of senior secured notes to fund 200 MW at Polaris Forge 2.
Confirmed in the source:
- Applied Digital is funding 200 MW of capacity at Polaris Forge 2, via $2.15 billion of senior secured notes
What we did: Read our cached copy of the publisher (https://www.foreignpolicyjournal.com/2026/08/22/b-riley-maintains-75-price-target-on-applied-digital-nasdaq-apld-after-polaris-forge-2-site-visit/) in full (2,821 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms B. Riley Maintains $75 Price Target On Applied Digital (NASDAQ: APLD) After Polaris Forge 2 Site Visit - foreignpolicyjournal.com
Quote: “Applied Digital pricing $2.15 billion of senior secured notes to fund 200 MW at Polaris Forge 2”