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Polaris Forge 1 revenue generation timing

Company: Applied Digital - Project: Polaris Forge 1

Subject kind
facility timeline
Statement date
2025-07-29
Current status
stated

The claim, verbatim

Polaris Forge 1 HPC Hosting Business expected to begin generating meaningful revenues in calendar year 2025 when first building becomes operational

Source (primary)

Applied Digital 10-K filed 2025-07-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)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

Attempted on September 17, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

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: “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.”

View cached copy (2026-08-31)Live source ↗