Macquarie Equipment Capital - $50 million for Polaris Forge 2
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
Secured $50 million in funding from Macquarie Equipment Capital for approximately $3 billion, 300 MW Polaris Forge 2 campus near Harwood, North Dakota
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Secured $50 million in funding from Macquarie Equipment Capital, Inc. for our approximately $3 billion, 300 MW IT load AI Factory campus near Harwood, North Dakota ("Polaris Forge 2").”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The release states the funding amount, the funder, and the campus's location, cost and capacity.
Confirmed in the source:
- Applied Digital secured $50 million in funding from Macquarie Equipment Capital
- The funding is for the Polaris Forge 2 campus near Harwood, North Dakota
- Polaris Forge 2 is described as an approximately $3 billion, 300 MW IT load campus
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/131/applied-digital-reports-fiscal-first-quarter-2026-results/) in full (34,764 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Secured $50 million in funding from Macquarie Equipment Capital, Inc. for our approximately $3 billion, 300 MW IT load AI Factory campus near Harwood, North Dakota ("Polaris Forge 2").”
confirms Earnings Release
Quote: “Secured $50 million in funding from Macquarie Equipment Capital, Inc. for our approximately $3 billion, 300 MW IT load AI Factory campus near Harwood, North Dakota ("Polaris Forge 2")”