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Polaris Forge 2

Project of Applied Digital

Kind: datacenter
Location: Harwood, North Dakota
County: Cass County
State/region: ND
Country: US
Status: announced

Capacity

What has actually been delivered, against what has been promised. Each figure links to the statement it came from.

Stage	Capacity	As of	Source
Energized power flowing today	--
Contracted a customer is on the hook	200 MW IT load	2026-09-01	Investment Grade Hyperscaler Polaris Forge 2 lease
Under construction	280 MW	2025-12-04	Polaris Forge 2 Construction and Capacity Timeline
Permitted	--
Interconnect approved utility has agreed to deliver	--
Interconnect requested in a queue, nothing approved	--
Announced a press-release figure	1,000 MW	2025-10-09	Polaris Forge 2 - potential expansion to 1 GW

Who has claimed this site

Capacity commitments in the order they were announced. A commitment that ended shows why.

2025-10-22

Undisclosed counterparty (one or more) - tenant · 200 MW · 15-year term source

2026-03-01

Oracle - tenant source

Claims about this project

2025-09-11 - stated

Polaris Forge 2 operational timeline. Promised by 2026-12-31.

2025-09-11 - stated

Polaris Forge 2 IT load capacity 200.0 MW.

2025-09-11 - stated

U.S.-based hyperscaler customer in advanced negotiations for Polaris Forge 2.

2025-09-11 - stated

Polaris Forge 2 investment 3000000000.0 USD.

2025-09-11 - delayed

200 MW Lease Execution deadline for Polaris Forge 2 200.0 MW. Promised by 2025-10-31.

2025-09-21 - stated

Polaris Forge 2 hyperscaler customer negotiations.

2025-09-21 - stated

Polaris Forge 2 operational timeline. Promised by 2027-12-31.

2025-09-21 - stated

Polaris Forge 2 capital investment 3000000000.0 USD.

2025-09-21 - stated

Polaris Forge 2 facility capacity 200.0 MW.

2025-10-09 - stated

Polaris Forge 2 - hyperscaler tenant in advanced discussions.

2025-10-09 - stated

Polaris Forge 2 - initial 200 MW capacity timeline 200.0 MW. Promised by 2027-12-31.

2025-10-09 - stated

Polaris Forge 2 - groundbreaking and construction commenced.

2025-10-09 - stated

Macquarie Equipment Capital - $50 million for Polaris Forge 2 50.0 USD millions.

2025-10-09 - stated

Polaris Forge 2 - potential expansion to 1 GW 1.0 GW.

2025-10-20 - stated

Polaris Forge data center construction funding.

2025-10-22 - stated

Polaris Forge 2 Campus lease agreement near Harwood, North Dakota.

2025-11-11 - stated

Anticipated additional equity financing for Polaris Forge campuses.

2025-12-04 - stated

Polaris Forge 2 Hyperscaler Total Contract Revenue 5000.0 USD millions.

2025-12-04 - stated

Polaris Forge 2 Construction and Capacity Timeline 280.0 MW.

2025-12-04 - stated

Macquarie Promissory Note Funding 50.0 USD millions.

2025-12-04 - stated

Polaris Forge 2 Hyperscaler Right of Refusal 800.0 MW.

2025-12-04 - stated

Polaris Forge 2 Hyperscaler Lease 200.0 MW.

2026-01-07 - stated

Harwood data center lease signed 200.0 MW.

2026-01-15 - stated

Data center leases executed in North Dakota.

2026-02-08 - stated

Polaris Forge 2 data center capacity and lease 200.0 MW.

2026-03-01 - stated

Oracle lease at Polaris Forge 2.

2026-03-01 - stated

Polaris Forge 2 IT load capacity development 200.0 MW.

2026-03-03 - stated

200 MW critical IT load development at Polaris Forge 2 in Harwood, ND 200.0 MW.

2026-03-03 - stated

Oracle lease of Polaris Forge 2.

2026-03-09 - stated

Polaris Forge 2 expansion to 200 MW 200.0 MW.

2026-03-09 - stated

Oracle lease at Polaris Forge 2.

2026-03-12 - stated

Polaris Forge 2 campus.

2026-07-28 - delayed

Polaris Forge 2 groundbreaking 200.0 MW. Promised by 2025-08-18.

2026-07-28 - stated

Polaris Forge 2 hyperscaler lease 200.0 MW.

2026-07-28 - stated

Polaris Forge 2 groundbreaking and construction timeline 200.0 MW. Promised by 2027-06-30.

2026-07-28 - stated

Polaris Forge 2 capacity delivery timeline 200.0 MW. Promised by 2027-03-31.

2026-07-28 - delayed

Polaris Forge 2 customer lease 200.0 MW. Promised by 2025-10-22.

2026-07-28 - delayed

Investment-grade hyperscaler lease at Polaris Forge 2 5.0 billion USD. Promised by 2025-10-22.

2026-07-28 - stated

Polaris Forge 2 groundbreaking and construction timeline 200.0 MW. Promised by 2026-12-31.

2026-08-20 - stated

$5B co-location agreement with U.S. hyperscaler for Polaris Forge 2 5000000000.0 USD.

2026-08-22 - stated

Polaris Forge 2 lease negotiations.

2026-08-22 - stated

$2.15 billion senior secured notes for Polaris Forge 2 2.15 billion USD.

2026-08-22 - stated

$2.15 billion senior secured notes offering.

2026-09-01 - stated

Polaris Forge 2 capacity milestones 200.0 MW. Promised by 2027-03-31.

2026-09-01 - stated

Polaris Forge 2 groundbreaking and expected delivery 200.0 MW. Promised by 2027-03-31.

2026-09-01 - stated

Polaris Forge 2 hyperscaler lease 200 MW 200.0 MW.

2026-09-01 - stated

Polaris Forge 2 200 MW data center capacity timeline 200.0 MW. Promised by 2026-12-31.

2026-09-01 - stated

15-year lease with investment-grade hyperscaler at Polaris Forge 2 200.0 MW.

2026-09-01 - stated

Polaris Forge 2 initial capacity timeline 200.0 MW. Promised by 2026-12-31.

2026-09-01 - stated

Polaris Forge 2 full capacity timeline 200.0 MW. Promised by 2027-03-31.

2026-09-01 - stated

Polaris Forge 2 hyperscaler lease 200 MW 200.0 MW.

2026-09-01 - stated

Polaris Forge 2 hyperscaler lease 200.0 MW.

2026-09-01 - stated

Polaris Forge 2 full capacity date. Promised by 2027-12-31.

2026-09-01 - stated

Polaris Forge 2 initial operations date. Promised by 2026-12-31.

2026-09-01 - stated

Polaris Forge 2 construction investment 3000000000.0 USD.

2026-09-01 - stated

Polaris Forge 2 200 MW phased capacity deployment 2026-2027 200.0 MW. Promised by 2027-06-30.

2026-09-01 - stated

Investment-grade hyperscaler 200 MW lease at Polaris Forge 2 200.0 MW. Promised by 2026-12-31.

2026-09-01 - stated

$2.15B Senior Secured Notes due 2031 2.15 billion USD. Promised by 2031-01-01.

2026-09-01 - stated

Polaris Forge 2 major customer negotiation.

2026-09-01 - stated

$2.15 billion Senior Secured Notes offering 2150000000.0 USD. Promised by 2031-12-31.

2026-09-01 - stated

$2.15B 6.750% Senior Secured Notes offering 2.15 billion USD.

2026-09-01 - stated

Investment Grade Hyperscaler Polaris Forge 2 lease 200.0 MW. Promised by 2027-06-30.