Intelligence Feed event · Equity · 2026-10-03

    Applied Digital Brings 150 MW Phase 2 Online at Polaris Forge 1 Facility

    Question

    Applied Digital Brings 150 MW Phase 2 Online at Polaris Forge 1 Facility

    Direct answer

    Applied Digital confirmed the completion of Phase 2 building 2 at its Polaris Forge 1 campus in North Dakota. The newly commissioned capacity brings 150 megawatts of critical IT power online. With this delivery, the campus operates at 250 megawatts of active capacity, progressing toward an ultimate targeted scale of 400 megawatts to serve high-performance computing and enterprise hosting demand.

    Original publisher
    Market Ontology
    Evidence through
    2026-10-03
    Published
    2026-10-20
    Revision
    1 · 2026-10-20

    Cite as: Market Ontology, “Applied Digital Brings 150 MW Phase 2 Online at Polaris Forge 1 Facility”, revision 1, evidence through 2026-10-03. https://marketontology.com/market-events/2026-10-03/applied-digital-brings-150-mw-phase-2-online-at-polaris-forge-1-facility-f1b7e6

    EQUITY
    Applied Digital Brings 150 MW Phase 2 Online at Polaris Forge 1 Facility
    Applied Digital confirmed the completion of Phase 2 building 2 at its Polaris Forge 1 campus in North Dakota. The newly commissioned capacity brings 150 megawatts of critical IT power online. With this delivery, the campus operates at 250 megawatts of active capacity, progressing toward an ultimate targeted scale of 400 megawatts to serve high-performance computing and enterprise hosting demand.
    APLD
    Impact
    62
    OCT 3
    SIG
    85%
    APLD
    Applied Digital Brings 150 MW Phase 2 Online at Polaris Forge 1 Facility
    Applied Digital confirmed the completion of Phase 2 building 2 at its Polaris Forge 1 campus in North Dakota. The newly commissioned capacity brings 150 megawatts of critical IT power online. With this delivery, the campus operates at 250 megawatts of active capacity, progressing toward an ultimate targeted scale of 400 megawatts to serve high-performance computing and enterprise hosting demand.
    → Execution of 150 MW in critical IT power capacity expands high-performance computing hosting revenue and validates high-voltage data center delivery schedules.
    Impact
    Applied Digital confirmed the completion of Phase 2 building 2 at its Polaris Forge 1 campus in North Dakota. The newly commissioned capacity brings 150 megawatts of critical IT power online. With this delivery, the campus operates at 250 megawatts of active capacity, progressing toward an ultimate targeted scale of 400 megawatts to serve high-performance computing and enterprise hosting demand.
    Affected
    APLD
    Transmission
    Execution of 150 MW in critical IT power capacity expands high-performance computing hosting revenue and validates high-voltage data center delivery schedules.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    APLDcontracted revenue realization from newly energized data center capacityUp1-5dApplied Digital reached ready-for-service status on 150 MW IT load, expanding facility to 250 MW.

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    What happened next

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