Polaris Forge 1 first building operational date
Company: Applied Digital - Project: Polaris Forge 1
What the later record shows
Delivered on time · happened October 31, 2025
The first building became operational in October 2025, within calendar 2025. The 10-K says meaningful revenues began once it became operational.
“This business segment began generating meaningful revenues once the first HPC building within Polaris Forge 1 became operational in fiscal year 2026.”
2026-07-29 · View 10-K View cached copy (2026-09-01)Live source ↗Archive.org ↗
“The first 100 MW building at Polaris Forge 1 became operational in October 2025.”
2026-10-07 · Earnings Release View cached copy (2026-10-08)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
First building of Polaris Forge 1 is expected to become operational and begin generating meaningful revenues in calendar year 2025
Source (primary)
Applied Digital 10-K filed 2025-07-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “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 says the HPC Hosting segment is expected to begin generating meaningful revenues once the first Polaris Forge 1 building becomes operational, which is expected in calendar year 2025. Strictly, the filing attributes the revenues to the segment rather than the building itself, but the timing and linkage match the claim.
Confirmed in the source:
- Applied Digital expected the first building of Polaris Forge 1 to become operational in calendar year 2025
- Applied Digital expected its HPC Hosting Business to begin generating meaningful revenues once that first building becomes operational
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487925000021/apld-20250531.htm) in full (513,758 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 10-K filed 2025-07-30
Quote: “the first building within Polaris Forge 1 becomes operational, which is expected in calendar year 2025”
confirms View 10-K
Quote: “This business segment began generating meaningful revenues once the first HPC building within Polaris Forge 1 became operational in fiscal year 2026.”
confirms Earnings Release
Quote: “The first 100 MW building at Polaris Forge 1 became operational in October 2025.”