$1.59 billion senior secured notes for Polaris Forge 1 fourth building
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Applied Digital raised $1.59 billion through senior secured notes due 2031 to fund the fourth building at Polaris Forge 1.
Source (primary)
Applied Digital Continues Heavy Capital Spending: What's Ahead? - Eastern Progress (-, news_article)
View cached copy (2026-08-31)Live source ↗Archive.org ↗
Quote: “The company raised $1.59 billion through senior secured notes due 2031 to fund the fourth building at Polaris Forge 1”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The article gives the amount, instrument, maturity and purpose exactly as claimed.
Confirmed in the source:
- Applied Digital raised $1.59 billion through senior secured notes
- The notes are due 2031
- The proceeds are to fund the fourth building at Polaris Forge 1
What we did: Read our cached copy of the publisher (https://www.easternprogress.com/applied-digital-continues-heavy-capital-spending-whats-ahead/article_70aab17f-f5d4-5a86-99fa-378907193304.html) in full (9,732 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Continues Heavy Capital Spending: What's Ahead? - Eastern Progress
Quote: “The company raised $1.59 billion through senior secured notes due 2031 to fund the fourth building at Polaris Forge 1”