{"success":true,"data":{"pressRelease":{"id":"159317","rtpr_id":"nGNX6jhNbZ-20261002","ticker":"APLD","exchange":"NASDAQ","all_tickers":["APLD"],"title":"Applied Digital Brings an Additional 75 MW of AI Infrastructure Online at Polaris Forge 1","author":"Globe Newswire","published_at":"2026-10-02T12:00:00.479Z","article_body":"DALLAS, Oct. 02, 2026 (GLOBE NEWSWIRE) -- Applied Digital (NASDAQ: APLD), a\nU.S. based designer, developer, owner and operator of large-scale,\npurpose-built data centers engineered to support high-performance computing\n(“HPC”) workloads, including artificial intelligence (“AI”), machine\nlearning, and other accelerated-compute applications, today announced it has\nachieved Ready for Service for the second phase of Building 2 at its Polaris\nForge 1 campus, delivering an additional 75 MW of critical IT load across\nthree 25 MW data halls.\n\nThe milestone completes Building 2’s full 150 MW of critical IT load and\nbrings fully operational critical IT load at Polaris Forge 1 to 250 MW. The\nfully leased AI Factory Campus is contracted to deliver 400 MW of critical IT\nload at full buildout.\n\n“Bringing another 75 MW of AI infrastructure online at Polaris Forge 1\nfurther demonstrates our ability to turn large-scale power into operational AI\ninfrastructure,” said Wes Cummins, Chairman and Chief Executive Officer of\nApplied Digital. “Securing power is only the starting point. The real work\nis designing, building, commissioning, and operating the infrastructure that\ntransforms those megawatts into usable capacity for customers. That is the\ncapability we continue to scale across our platform.”\n\nThe latest delivery follows the first 100 MW building at Polaris Forge 1 and\nthe initial 75 MW phase of Building 2. With 250 MW now operational, Polaris\nForge 1 reflects Applied Digital’s repeatable approach to developing and\noperating large-scale infrastructure purpose-built for advanced AI and\nhigh-performance computing workloads.\n\nPolaris Forge 1 is located in Ellendale, North Dakota, where Applied Digital\nhas operated since 2021 and built long-standing relationships with local\nleaders, partners, and community stakeholders. As the campus continues to\nexpand, the Company remains focused on responsible development, local\npartnership, and creating long-term value in the communities where it builds.\n\nAbout Applied Digital\n\nApplied Digital (Nasdaq: APLD) — named Best Data Center in the Americas 2025\nby Datacloud — designs, builds, and operates high-performance, sustainably\nengineered data centers and colocation services for artificial intelligence,\ncloud, networking, and blockchain workloads. Headquartered in Dallas, TX, and\nfounded in 2021, the company combines hyperscale expertise, closed-loop\ncooling, and rapid deployment capabilities to deliver secure, scalable compute\nat industry-leading speed and efficiency, while creating economic\nopportunities in underserved communities through its AI Factory franchise\nmodel.\n\nLearn more at applieddigital.com\n(https://www.globenewswire.com/Tracker?data=PHv9GHK7RdMalYS6wjzMrjhUNcuyDb0GnGygryvSJ4XohhuwULovcvrsyAxJIT9-lqOqMywrKELAHdnftVxT-lahcHQHIlonZEnP3De6Pbqu3wNTH8JS8NmC-vtb3DIPRVCiJ0Lq3FoY4xIlF9pxD4NtnFPPjIzOSgyd-uiDWXTwrRTj9bJYcy_7_T7XjMT0UTIbyfOrsLTWRSyfb2BS-GR-FcBpmL3Vv0N0cidksUQib1DNBcOpEvFeJaHdmEs88nFWCGoJ8J7wVCXqRHeDrA==)\nor follow @APLDdigital on X and LinkedIn.\n\nForward-Looking Statements\nThis press release contains “forward-looking statements” as defined in the\nPrivate Securities Litigation Reform Act of 1995 regarding, among other\nthings, future operating and financial performance, product development,\nmarket position, business strategy and objectives, and future financing plans.\nThese statements use words, and variations of words, such as “will,”\n“continue,” “build,” “future,” “increase,” “drive,”\n“believe,” “look,” “ahead,” “confident,” “proven,”\n“deliver,” “outlook,” “expect,” “project” and “predict.”\nOther examples of forward-looking statements may include, but are not limited\nto, (i) statements that reflect perspectives and expectations regarding lease\nagreements and any current or prospective data center campus development; (ii)\nstatements about the high-performance computing (HPC) industry; (iii)\nstatements of company plans and objectives, including the company’s evolving\nbusiness model, or estimates or predictions of actions by suppliers; (iv)\nstatements of future economic performance; and (v) statements of assumptions\nunderlying other statements and statements about the company or its business.\nYou are cautioned not to rely on these forward-looking statements. These\nstatements are based on current expectations of future events and thus are\ninherently subject to uncertainty. If underlying assumptions prove inaccurate\nor known or unknown risks or uncertainties materialize, actual results could\nvary materially from the company’s expectations and projections. These\nrisks, uncertainties, and other factors include, among others: whether or not\nour customers exercise the renewal options under their leases with us (if not,\nwe will not recognize further revenue from such customer under its respective\nlease); our ability to complete construction of our data center campuses as\nplanned; the lead time of customer acquisition and leasing decisions and\nrelated internal approval processes; changes to artificial intelligence and\nHPC infrastructure needs and their impact on future plans; costs related to\nthe HPC operations and strategy; our ability to timely deliver any services\nrequired in connection with completion of installation under lease agreements;\nour ability to raise additional capital to fund the ongoing datacenter\nconstruction and operations; our ability to obtain financing of datacenter\nleases and more broadly for our development and general corporate activities;\nour dependence on principal customers, including our ability to execute and\nperform our obligations under our leases with key customers; our ability to\ntimely and successfully build new hosting facilities with the appropriate\ncontractual margins and efficiencies; power or other supply disruptions and\nequipment failures; the inability to comply with regulations, developments and\nchanges in regulations; cash flow and access to capital; availability of\nfinancing to continue to grow our business; decline in demand for our products\nand services; maintenance of third party relationships; and conditions in the\ndebt and equity capital markets. A further list and description of these\nrisks, uncertainties, and other factors can be found in the company’s most\nrecently filed Annual Report on Form 10-K and Quarterly Reports on Form 10-Q,\nincluding in the sections captioned “Forward-Looking Statements” and\n“Risk Factors,” and in the company’s subsequent filings with the\nSecurities and Exchange Commission. Copies of these filings are available\nonline at www.sec.gov, on the company’s website (www.applieddigital.com)\nunder “Investors,” or on request from the company. Information in this\npress release is as of the dates and time periods indicated herein, and the\ncompany does not undertake to update any of the information contained in these\nmaterials, except as required by law.\n\nMedia Contact\nJSA (Jaymie Scotto & Associates)\n(856) 264-7827\njsa_applied@jsa.net\n\nInvestor Relations Contacts\nMatt Glover or Ralf Esper\nGateway Group, Inc.\n(949) 574-3860\nAPLD@gateway-grp.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a09f7f80-1e66-44ed-b53a-6007ec7be92a)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX6jhNbZ-20261002","title":"Applied Digital Brings an Additional 75 MW of AI Infrastructure Online at Polaris Forge 1","author":"Globe Newswire","ticker":"APLD","created":"2026-10-02T12:00:00.479Z","tickers":["APLD"],"exchange":"NASDAQ","article_body":"DALLAS, Oct. 02, 2026 (GLOBE NEWSWIRE) -- Applied Digital (NASDAQ: APLD), a\nU.S. based designer, developer, owner and operator of large-scale,\npurpose-built data centers engineered to support high-performance computing\n(“HPC”) workloads, including artificial intelligence (“AI”), machine\nlearning, and other accelerated-compute applications, today announced it has\nachieved Ready for Service for the second phase of Building 2 at its Polaris\nForge 1 campus, delivering an additional 75 MW of critical IT load across\nthree 25 MW data halls.\n\nThe milestone completes Building 2’s full 150 MW of critical IT load and\nbrings fully operational critical IT load at Polaris Forge 1 to 250 MW. The\nfully leased AI Factory Campus is contracted to deliver 400 MW of critical IT\nload at full buildout.\n\n“Bringing another 75 MW of AI infrastructure online at Polaris Forge 1\nfurther demonstrates our ability to turn large-scale power into operational AI\ninfrastructure,” said Wes Cummins, Chairman and Chief Executive Officer of\nApplied Digital. “Securing power is only the starting point. The real work\nis designing, building, commissioning, and operating the infrastructure that\ntransforms those megawatts into usable capacity for customers. That is the\ncapability we continue to scale across our platform.”\n\nThe latest delivery follows the first 100 MW building at Polaris Forge 1 and\nthe initial 75 MW phase of Building 2. With 250 MW now operational, Polaris\nForge 1 reflects Applied Digital’s repeatable approach to developing and\noperating large-scale infrastructure purpose-built for advanced AI and\nhigh-performance computing workloads.\n\nPolaris Forge 1 is located in Ellendale, North Dakota, where Applied Digital\nhas operated since 2021 and built long-standing relationships with local\nleaders, partners, and community stakeholders. As the campus continues to\nexpand, the Company remains focused on responsible development, local\npartnership, and creating long-term value in the communities where it builds.\n\nAbout Applied Digital\n\nApplied Digital (Nasdaq: APLD) — named Best Data Center in the Americas 2025\nby Datacloud — designs, builds, and operates high-performance, sustainably\nengineered data centers and colocation services for artificial intelligence,\ncloud, networking, and blockchain workloads. Headquartered in Dallas, TX, and\nfounded in 2021, the company combines hyperscale expertise, closed-loop\ncooling, and rapid deployment capabilities to deliver secure, scalable compute\nat industry-leading speed and efficiency, while creating economic\nopportunities in underserved communities through its AI Factory franchise\nmodel.\n\nLearn more at applieddigital.com\n(https://www.globenewswire.com/Tracker?data=PHv9GHK7RdMalYS6wjzMrjhUNcuyDb0GnGygryvSJ4XohhuwULovcvrsyAxJIT9-lqOqMywrKELAHdnftVxT-lahcHQHIlonZEnP3De6Pbqu3wNTH8JS8NmC-vtb3DIPRVCiJ0Lq3FoY4xIlF9pxD4NtnFPPjIzOSgyd-uiDWXTwrRTj9bJYcy_7_T7XjMT0UTIbyfOrsLTWRSyfb2BS-GR-FcBpmL3Vv0N0cidksUQib1DNBcOpEvFeJaHdmEs88nFWCGoJ8J7wVCXqRHeDrA==)\nor follow @APLDdigital on X and LinkedIn.\n\nForward-Looking Statements\nThis press release contains “forward-looking statements” as defined in the\nPrivate Securities Litigation Reform Act of 1995 regarding, among other\nthings, future operating and financial performance, product development,\nmarket position, business strategy and objectives, and future financing plans.\nThese statements use words, and variations of words, such as “will,”\n“continue,” “build,” “future,” “increase,” “drive,”\n“believe,” “look,” “ahead,” “confident,” “proven,”\n“deliver,” “outlook,” “expect,” “project” and “predict.”\nOther examples of forward-looking statements may include, but are not limited\nto, (i) statements that reflect perspectives and expectations regarding lease\nagreements and any current or prospective data center campus development; (ii)\nstatements about the high-performance computing (HPC) industry; (iii)\nstatements of company plans and objectives, including the company’s evolving\nbusiness model, or estimates or predictions of actions by suppliers; (iv)\nstatements of future economic performance; and (v) statements of assumptions\nunderlying other statements and statements about the company or its business.\nYou are cautioned not to rely on these forward-looking statements. These\nstatements are based on current expectations of future events and thus are\ninherently subject to uncertainty. If underlying assumptions prove inaccurate\nor known or unknown risks or uncertainties materialize, actual results could\nvary materially from the company’s expectations and projections. These\nrisks, uncertainties, and other factors include, among others: whether or not\nour customers exercise the renewal options under their leases with us (if not,\nwe will not recognize further revenue from such customer under its respective\nlease); our ability to complete construction of our data center campuses as\nplanned; the lead time of customer acquisition and leasing decisions and\nrelated internal approval processes; changes to artificial intelligence and\nHPC infrastructure needs and their impact on future plans; costs related to\nthe HPC operations and strategy; our ability to timely deliver any services\nrequired in connection with completion of installation under lease agreements;\nour ability to raise additional capital to fund the ongoing datacenter\nconstruction and operations; our ability to obtain financing of datacenter\nleases and more broadly for our development and general corporate activities;\nour dependence on principal customers, including our ability to execute and\nperform our obligations under our leases with key customers; our ability to\ntimely and successfully build new hosting facilities with the appropriate\ncontractual margins and efficiencies; power or other supply disruptions and\nequipment failures; the inability to comply with regulations, developments and\nchanges in regulations; cash flow and access to capital; availability of\nfinancing to continue to grow our business; decline in demand for our products\nand services; maintenance of third party relationships; and conditions in the\ndebt and equity capital markets. A further list and description of these\nrisks, uncertainties, and other factors can be found in the company’s most\nrecently filed Annual Report on Form 10-K and Quarterly Reports on Form 10-Q,\nincluding in the sections captioned “Forward-Looking Statements” and\n“Risk Factors,” and in the company’s subsequent filings with the\nSecurities and Exchange Commission. Copies of these filings are available\nonline at www.sec.gov, on the company’s website (www.applieddigital.com)\nunder “Investors,” or on request from the company. Information in this\npress release is as of the dates and time periods indicated herein, and the\ncompany does not undertake to update any of the information contained in these\nmaterials, except as required by law.\n\nMedia Contact\nJSA (Jaymie Scotto & Associates)\n(856) 264-7827\njsa_applied@jsa.net\n\nInvestor Relations Contacts\nMatt Glover or Ralf Esper\nGateway Group, Inc.\n(949) 574-3860\nAPLD@gateway-grp.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a09f7f80-1e66-44ed-b53a-6007ec7be92a)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-02T12:00:01.045122312Z","server_sent_at_ms":1790942401045},"received_at":"2026-10-02T12:00:01.095Z","source_url":null},"analysis":{"id":"147917","press_release_id":"159317","analysis_json":{"industry":{"label":"IT Services","sector":"Information Technology"},"redFlags":[],"eventType":"operations_update","narrative":"Applied Digital achieved Ready for Service for the second phase of Building 2 at its Polaris Forge 1 campus, adding 75 MW of critical IT load across three 25 MW data halls.\n\nThe milestone completes Building 2's full 150 MW and brings operational capacity at the Ellendale, North Dakota campus to 250 MW, against a fully leased 400 MW contracted at full buildout.\n\nThe delivery reinforces execution on the company's AI Factory buildout; capacity is already leased, so the focus shifts to converting operational megawatts into recognized lease revenue.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Execution milestone: 250 MW now live at fully leased Polaris Forge 1, halfway to 400 MW full buildout."},"keyFigures":{"customDimensions":{"new_capacity_mw":75,"building_2_total_mw":150,"campus_full_buildout_mw":400,"operational_capacity_mw":250}},"quotedText":"Bringing another 75 MW of AI infrastructure online at Polaris Forge 1 further demonstrates our ability to turn large-scale power into operational AI infrastructure","namedEntities":{"people":[{"name":"Wes Cummins","role":"Chairman and CEO"}],"products":["Polaris Forge 1"],"companies":[{"name":"Applied Digital","ticker":"APLD","relationship":"filer"}],"dollarAmounts":[]},"materialImpact":{"score":3,"reasoning":"Bringing 75 MW of AI capacity online at a fully leased campus is an operational execution milestone with revenue implications, but it is an expected construction completion rather than a surprise financial event."},"tickerRelevance":{"others":[],"primary":"APLD"},"globalImportance":35,"audienceRelevance":45,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap retail favorite","eventGravity":"capacity milestone, pre-leased","sectorWeight":"AI infrastructure high interest"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Applied Digital achieved Ready for Service for the second phase of Building 2 at its Polaris Forge 1 campus, adding 75 MW of critical IT load across three 25 MW data halls.\n\nThe milestone completes Building 2's full 150 MW and brings operational capacity at the Ellendale, North Dakota campus to 250 MW, against a fully leased 400 MW contracted at full buildout.\n\nThe delivery reinforces execution on the company's AI Factory buildout; capacity is already leased, so the focus shifts to converting operational megawatts into recognized lease revenue.","key_figures":{"customDimensions":{"new_capacity_mw":75,"building_2_total_mw":150,"campus_full_buildout_mw":400,"operational_capacity_mw":250}},"named_entities":{"people":[{"name":"Wes Cummins","role":"Chairman and CEO"}],"products":["Polaris Forge 1"],"companies":[{"name":"Applied Digital","ticker":"APLD","relationship":"filer"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-02T12:00:05.799Z","global_importance":35,"audience_relevance":45,"importance_components":{"tickerTier":"mid-cap retail favorite","eventGravity":"capacity milestone, pre-leased","sectorWeight":"AI infrastructure high interest"}},"durationMs":4688,"modelName":"glm-5.3-flashx"}}