Polaris Forge 2 hyperscaler customer negotiations
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
Polaris Forge 2 has attracted strong interest from a U.S.-based investment-grade hyperscaler with whom the company is in advanced negotiations
Source (primary)
Applied Digital DEF 14A filed 2025-09-22 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “this campus has attracted strong interest from a U.S.-based, investment-grade hyperscaler, with whom we are in advanced negotiations”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The document states the campus attracted strong interest from a U.S.-based, investment-grade hyperscaler with whom the company is in advanced negotiations.
Confirmed in the source:
- Polaris Forge 2 has attracted strong interest from a U.S.-based, investment-grade hyperscaler
- Applied Digital says it is in advanced negotiations with that hyperscaler
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: “this campus has attracted strong interest from a U.S.-based, investment-grade hyperscaler, with whom we are in advanced negotiations”