Polaris Forge 2 major customer negotiation
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)
View PDF (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
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 October 10, 2026. The cited source supports every part of this claim.
The letter states that the campus attracted strong interest from a U.S.-based, investment-grade hyperscaler and that the company is in advanced negotiations with it.
Confirmed in the source:
- Polaris Forge 2 has attracted strong interest from a U.S.-based, investment-grade hyperscaler
- Applied Digital is in advanced negotiations with that hyperscaler
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001493152-25-014495/0001493152-25-014495.pdf) in full (206,490 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms View PDF
Quote: “this campus has attracted strong interest from a U.S.-based, investment-grade hyperscaler, with whom we are in advanced negotiations”