Polaris Forge 3 300 MW under construction
Company: Applied Digital - Project: Polaris Forge 3
The claim, verbatim
Polaris Forge 3 is 300 MW critical IT load campus under construction across two buildings, contracted with high investment-grade hyperscaler
Source (primary)
View 10-K (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Polaris Forge 3 is a 300 MW critical IT load data center campus located in our northern United States region, currently under construction across two buildings. The aggregate 300 MW of critical IT load is contracted under two approximately 15-year leases with a high investment-grade hyperscaler”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 10-K describes Polaris Forge 3 as a 300 MW campus under construction across two buildings, contracted under two approximately 15-year leases with a high investment-grade hyperscaler.
Confirmed in the source:
- Polaris Forge 3 is a 300 MW critical IT load data center campus
- Polaris Forge 3 is under construction across two buildings
- Its 300 MW is contracted with a high investment-grade hyperscaler
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000048/0001144879-26-000048.pdf) in full (630,756 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms View 10-K
Quote: “Polaris Forge 3 is a 300 MW critical IT load data center campus located in our northern United States region, currently under construction across two buildings. The aggregate 300 MW of critical IT load is contracted under two approximately 15-year leases with a high investment-grade hyperscaler”