150 MW fourth building (ELN-04) at Polaris Forge 1
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Net proceeds will fund construction of 150 megawatts of critical IT load at the fourth building (ELN-04) at Polaris Forge 1 in Ellendale, North Dakota
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-06)Live source ↗
Quote: “fund the construction and associated expenses of 150 megawatts of critical IT load at the fourth building ("ELN-04") at Polaris Forge 1, Applied Digital's AI Factory campus at Ellendale, North Dakota”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states net proceeds fund the 150 MW fourth building ELN-04 at Polaris Forge 1 in Ellendale, North Dakota.
Confirmed in the source:
- Net proceeds will fund construction of 150 megawatts of critical IT load at ELN-04
- ELN-04 is the fourth building at Polaris Forge 1
- Polaris Forge 1 is located in Ellendale, North Dakota
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000149315226027979/ex99-1.htm) in full (8,215 characters, retrieved September 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “fund the construction and associated expenses of 150 megawatts of critical IT load at the fourth building ("ELN-04") at Polaris Forge 1, Applied Digital's AI Factory campus at Ellendale, North Dakota”