Polaris Forge 1 first building expected operational
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
First building of Polaris Forge 1 expected to become operational in calendar year 2025
Source (primary)
ARS (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗
Quote: “We anticipate that this business segment will begin generating meaningful revenues once the first building within Polaris Forge 1 becomes operational, which is expected in calendar year 2025.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 10-K states that the first building within Polaris Forge 1 is expected to become operational in calendar year 2025.
Confirmed in the source:
- The first building of Polaris Forge 1 is expected to become operational in calendar year 2025
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001493152-25-014502/formars.pdf) in full (529,223 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms ARS
Quote: “We anticipate that this business segment will begin generating meaningful revenues once the first building within Polaris Forge 1 becomes operational, which is expected in calendar year 2025.”