Lease agreement with U.S.-based hyperscaler for 100 MW facility
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
The company is finalizing a lease agreement with a U.S.-based hyperscaler for its 100 MW HPC facility currently under construction in Ellendale, North Dakota.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “We are finalizing a lease agreement with a U.S.-based hyperscaler for our 100 MW facility currently under construction.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The release says the company is finalizing a hyperscaler lease for its 100 MW facility under construction, and elsewhere identifies that facility as the 100 MW HPC facility in Ellendale, North Dakota.
Confirmed in the source:
- Applied Digital is finalizing a lease agreement with a U.S.-based hyperscaler
- The lease covers its 100 MW facility currently under construction
- The 100 MW HPC facility is in Ellendale, North Dakota
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/109/applied-digital-reports-fiscal-first-quarter-2025-results/) in full (29,046 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “We are finalizing a lease agreement with a U.S.-based hyperscaler for our 100 MW facility currently under construction.”
confirms Earnings Release
Quote: “We are finalizing a lease agreement with a U.S.-based hyperscaler for our 100 MW facility currently under construction.”
confirms Earnings Release
Quote: “We are finalizing a lease agreement with a U.S.-based hyperscaler for our 100 MW facility currently under construction.”
confirms Earnings Release
Quote: “We are finalizing a lease agreement with a U.S.-based hyperscaler for our 100 MW facility currently under construction.”
confirms Earnings Release
Quote: “We are finalizing a lease agreement with a U.S.-based hyperscaler for our 100 MW facility currently under construction.”
confirms Earnings Release
Quote: “We are finalizing a lease agreement with a U.S.-based hyperscaler for our 100 MW facility currently under construction.”