Total potential Macquarie investment in Polaris Forge 1
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Macquarie's total potential investment in Polaris Forge 1 is $450 million, combining the $112.5 million initial investment and $337.5 million additional investment right
Source (primary)
Applied Digital 8-K filed 2025-10-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “which, when combined with the $112.5 million funded at the Initial Closing, comprises a total potential investment of $450 million”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The filing states this total directly.
Confirmed in the source:
- The $337.5 million additional investment right combined with the $112.5 million funded at the Initial Closing comprises a total potential investment of $450 million in Polaris Forge 1
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315225017609/form8-k.htm) in full (22,804 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2025-10-09
Quote: “which, when combined with the $112.5 million funded at the Initial Closing, comprises a total potential investment of $450 million”