On November 24, 2025, Applied Digital Inc. (NASDAQ: APLD) announced a significant advancement in its ongoing commitment to providing cutting-edge AI infrastructure. The company proudly declared the successful and timely completion of the Ready for Service (RFS) for the second phase (50 MW) of its first 100 megawatt (MW) building at the Polaris Forge 1 AI Factory Campus located in Ellendale, North Dakota. With this achievement, Building 1 now fully operates at its designed capacity of 100 MW critical IT load, marking a critical milestone in the development of the Polaris Forge campus.

2. A Testament to Precision Execution

This milestone follows the successful delivery of Phase I in October, reaffirming Applied Digital’s position as a leader in the precision execution and rapid deployment of AI infrastructure. The Polaris Forge 1 campus is a vital part of a larger 400 MW fully contracted deployment intended for CoreWeave, secured under long-term lease agreements.

Applied Digital’s ability to deliver essential IT capacity in a timely manner aligns seamlessly with the surging demand for AI compute power. "By consistently bringing infrastructure online on schedule, we believe Applied Digital is proving its role as one of the fastest and most reliable AI infrastructure builders in the market today," the company stated.

Insights from Leadership

Todd Gale, Chief Development Officer of Applied Digital, commented on this achievement, stating, "Bringing this first 100 MW building to full critical load on schedule reflects the engineering discipline and execution reliability our customers expect. These AI Factory builds are complex, high-density systems, and delivering them at this speed and quality demonstrates the strength of our design, the rigor of our construction model, and our commitment to meeting the real deployment timelines of large-scale AI workloads.”

3. Expanding Revenue Streams

The announcement comes on the heels of a recently executed approximately $5 billion lease agreement with a U.S.-based Investment Grade Hyperscaler for the Polaris Forge 2 campus. This agreement boosts Applied Digital’s total contracted revenue to approximately $16 billion across both campuses, significantly enhancing the company's long-term development pipeline in North Dakota.

4. Future Developments and Focus Areas

As Applied Digital continues to advance the broader Polaris Forge 1 campus and prepare for subsequent deployments, the company remains dedicated to delivering high-density, production-scale AI infrastructure. With an emphasis on speed, precision, and sustainability, Applied Digital is well-positioned to meet the evolving needs of the modern AI compute landscape.

5. About Applied Digital

Founded in 2021 and headquartered in Dallas, Texas, Applied Digital has been recognized as the Best Data Center in the Americas for 2025 by Datacloud. The company specializes in designing, building, and operating high-performance, sustainably engineered data centers and colocation services tailored for artificial intelligence, cloud, networking, and blockchain workloads. By leveraging hyperscale expertise and proprietary waterless cooling technologies, Applied Digital is committed to delivering secure and scalable compute solutions at unparalleled speed and efficiency, while also fostering economic opportunities in underserved communities through its innovative Polaris Forge AI Factory model.

As the AI landscape continues to evolve, Applied Digital's significant milestones and strategic developments position the company as a formidable player in the AI infrastructure sector.

Original press release