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
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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.”