400 MW LOI with US-based hyperscaler
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Executed LOI with US-based hyperscaler for 400 MW capacity, including 100 MW facility under construction and two forthcoming buildings
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “The Company has entered into exclusivity through an executed LOI with a US-based hyperscaler for 400 MW capacity, inclusive of our 100 MW facility currently under construction and two forthcoming buildings in Ellendale, North Dakota.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The HPC update says the company entered exclusivity through an executed LOI with a US-based hyperscaler for 400 MW. That figure includes the 100 MW facility under construction and two forthcoming buildings in Ellendale.
Confirmed in the source:
- Applied Digital executed an LOI with a US-based hyperscaler
- The LOI covers 400 MW of capacity
- The 400 MW includes the 100 MW facility under construction and two forthcoming buildings
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/105/applied-digital-reports-fiscal-fourth-quarter-and-full-year/) in full (35,024 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “The Company has entered into exclusivity through an executed LOI with a US-based hyperscaler for 400 MW capacity, inclusive of our 100 MW facility currently under construction and two forthcoming buildings in Ellendale, North Dakota.”
confirms Earnings Release
Quote: “The Company has entered into exclusivity through an executed LOI with a US-based hyperscaler for 400 MW capacity, inclusive of our 100 MW facility currently under construction and two forthcoming buildings in Ellendale, North Dakota”
confirms Earnings Release
Quote: “The Company has entered into exclusivity through an executed LOI with a US-based hyperscaler for 400 MW capacity, inclusive of our 100 MW facility currently under construction and two forthcoming buildings in Ellendale, North Dakota.”
confirms Earnings Release
Quote: “executing an LOI with a U.S.-based hyperscaler for 400 MW capacity, which includes our 100 MW facility currently under construction and two future buildings”
confirms Earnings Release
Quote: “The Company has entered into exclusivity through an executed LOI with a US-based hyperscaler for 400 MW capacity, inclusive of our 100 MW facility currently under construction and two forthcoming buildings in Ellendale, North Dakota.”
confirms Earnings Release
Quote: “The Company has entered into exclusivity through an executed LOI with a US-based hyperscaler for 400 MW capacity, inclusive of our 100 MW facility currently under construction and two forthcoming buildings in Ellendale, North Dakota.”