Applied Digital delivers 75 MW at Polaris Forge 1 campus

1 min read Updated on 02 Jul 2026, 01:16 AM

Reviewed by

Ashish TScanX News Team

AI Summary

Applied Digital announced the Ready for Service status for Phase 1 of Building 2 at Polaris Forge 1, adding 75 MW of AI capacity and bringing total live capacity to 175 MW. The campus, located in North Dakota, is contracted to deliver 400 MW at full build out. The company credits its AI Factory franchise model for the on-time execution.

*this image is generated using AI for illustrative purposes only.

Applied Digital has achieved Ready for Service for Phase 1 of Building 2 at its Polaris Forge 1 campus, delivering 75 MW of operational AI capacity to its customer on schedule. This delivery increases the total live capacity at the campus to 175 MW, marking a significant step in the buildout of the fully leased AI Factory Campus. The facility is designed to support high-density artificial intelligence and high-performance computing workloads.

Operational Milestones

The completion of this phase underscores the company's execution model and its ability to bring critical IT capacity online in alignment with customer deployment timelines. The Polaris Forge 1 campus is contracted to deliver 400 MW of critical IT load under long-term lease agreements at full build out. The company previously completed the first 100 MW building at the campus.

Strategic Execution Model

Applied Digital attributes its progress to its AI Factory franchise model, a repeatable framework that replicates a core team of design, construction, and operations professionals across each campus. This model is supported by centralized expertise and dedicated site-level execution teams. The company emphasizes that its focus extends beyond securing power to turning it into live, operational AI capacity.

Campus Location and Development

Polaris Forge 1 is located in Ellendale, North Dakota, where Applied Digital has operated since 2021. The company states it has built long-standing relationships with local leaders, partners, and community stakeholders. As the campus expands, the company remains focused on responsible development and creating long-term value in the communities where it builds.

Metric	Value
Phase 1 Building 2 Capacity	75 MW
Total Live Capacity	175 MW
Full Build Out Contracted Capacity	400 MW
Location	Ellendale, North Dakota

What is the projected timeline for completing the remaining 225 MW of capacity at the Polaris Forge 1 campus?

Does Applied Digital plan to replicate the AI Factory franchise model at new locations beyond North Dakota?

How will the company secure additional power resources to support the full 400 MW build out as demand increases?

Rating and Price Action

The firm's decision to upgrade the price target comes as Applied Digital continues to execute on its strategic objectives. The new target of $82 represents a significant increase from the previous estimate of $56.