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$1.59 billion senior secured notes for Polaris Forge 1 building 4

Company: Applied Digital - Project: Polaris Forge 1

Subject kind
financing
Statement date
2026-08-22
Promised amount
1.59 billion USD
Current status
stated

The claim, verbatim

Applied Digital raised $1.59 billion through senior secured notes due 2031 for 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

Attempted on September 14, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

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”

View cached copy (2026-08-31)Live source ↗Archive.org ↗