Polaris Forge 2 capital investment
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
$3 billion capital investment in Polaris Forge 2 AI Factory with groundbreaking in September 2025
Source (primary)
Applied Digital DEF 14A filed 2025-09-22 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “September 2025, we broke ground on Polaris Forge 2, a $3 billion, AI Factory”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The document states the company broke ground in September 2025 on Polaris Forge 2, a $3 billion AI Factory.
Confirmed in the source:
- Polaris Forge 2 is described as a $3 billion AI Factory
- Applied Digital broke ground on Polaris Forge 2 in September 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225014495/formdef14a.htm) in full (214,994 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital DEF 14A filed 2025-09-22
Quote: “September 2025, we broke ground on Polaris Forge 2, a $3 billion, AI Factory”