Polaris Forge 1 Building 1 delivery in 2H 2025
Company: Applied Digital - Project: Polaris Forge 1
What the later record shows
Delivered on time · happened October 31, 2025
The promise was delivery in 2H 2025. Later filings say the first 100 MW building (ELN-02) reached Ready-for-Service on schedule and became operational in October 2025. Some 10-Q passages say November 2025, which is still within 2H 2025.
“Achieved Ready‑for‑Service at Polaris Forge 1, delivering 100 MW on schedule and fully energizing the first building (ELN-02), marking completion of the first of three contracted buildings”
2026-01-06 · applied-digital 8-K exhibit (apldq226earningsrelease.htm) View cached copy (2026-09-22)Live source ↗
“The first 100 MW building at Polaris Forge 1 became operational in October 2025.”
2026-10-07 · Earnings Release View cached copy (2026-10-08)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Polaris Forge 1 Building 1 (100 MW) is expected to deliver in the second half of 2025
Source (primary)
applied-digital 8-K exhibit (apld_invxinvestorpresent.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-09)Live source ↗
Quote: “PF1 BUILDING 1 – 100 MW ... Calendar – 2H 2025”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The presentation lists PF1 Building 1 at 100 MW with a calendar 2H 2025 date. It marks that date with a checkmark and elsewhere describes 100 MW at Polaris Forge 1 as energized and operating, which indicates delivery had already occurred rather than being only expected.
Confirmed in the source:
- Polaris Forge 1 Building 1 has a capacity of 100 MW
- Polaris Forge 1 Building 1 is scheduled for calendar 2H 2025
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000036/apld_invxinvestorpresent.htm) in full (35,389 characters, retrieved September 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apld_invxinvestorpresent.htm)
Quote: “PF1 BUILDING 1 – 100 MW ... Calendar – 2H 2025”
confirms applied-digital 8-K exhibit (apldq226earningsrelease.htm)
Quote: “Achieved Ready‑for‑Service at Polaris Forge 1, delivering 100 MW on schedule and fully energizing the first building (ELN-02), marking completion of the first of three contracted buildings”
confirms Earnings Release
Quote: “The first 100 MW building at Polaris Forge 1 became operational in October 2025.”