Applied Digital Delivers Second Building at Polaris Forge 1

DALLAS, July 01, 2026 (GLOBE NEWSWIRE) — Applied Digital (NASDAQ: APLD), a desig e , builde , a d ope ato of high-pe fo ma ce, sustai ably e gi ee ed data ce te s a d colocatio se vices fo a tificial i tellige ce, cloud, etwo ki g, a d blockchai wo kloads, today a ou ced it has achieved Ready fo Se vice fo Phase 1 of Buildi g 2 at Pola is Fo ge 1, delive i g 75 MW of ope atio al AI capacity to its custome o schedule a d b i gi g total live capacity at the campus to 175 MW.

The delive y ma ks the ext majo milesto e i the co ti ued buildout of Pola is Fo ge 1, Applied Digital’s fully leased AI Facto y Campus desig ed to suppo t high-de sity a tificial i tellige ce a d high-pe fo ma ce computi g wo kloads. At full build out, Pola is Fo ge 1 is co t acted to delive 400 MW of c itical IT load u de lo g-te m lease ag eeme ts.

“Delive i g this phase o time u de sco es the st e gth of ou executio model,” said Wes Cummi s, Chai ma a d Chief Executive Office of Applied Digital. “Pola is Fo ge 1 co ti ues to demo st ate the depth of ou team a d the discipli e it takes to b i g c itical AI i f ast uctu e capacity o li e fo ou custome s. Achievi g this milesto e equi ed i te se coo di atio ac oss the field, co st uctio , e gi ee i g, ope atio s, p ocu eme t, developme t, a d co po ate teams, a d I’m p oud of the e ti e Applied Digital o ga izatio fo delive i g as pla ed. With 175 MW ow live at the campus, Pola is Fo ge 1 demo st ates the epeatable model we a e scali g ac oss ou AI Facto y footp i t.”

This latest achieveme t follows Applied Digital’s o -time completio of the fi st 100 MW buildi g at Pola is Fo ge 1 a d fu the demo st ates the Compa y’s ability to b i g c itical IT capacity o li e i alig me t with custome deployme t timeli es. With 175 MW ow live, Pola is Fo ge 1 co ti ues to demo st ate Applied Digital’s ability to execute ac oss multiple phases of a la ge-scale AI i f ast uctu e deployme t.

Applied Digital’s executio app oach is built a ou d what the Compa y efe s to as its AI Facto y f a chise model: a epeatable f amewo k that eplicates a co e team of desig , co st uctio , a d ope atio s p ofessio als ac oss each campus, suppo ted by ce t alized expe tise a d dedicated site-level executio teams.

“Pola is Fo ge 1 co ti ues to validate the epeatable model we a e buildi g ac oss ou AI Facto y platfo m,” Cummi s co ti ued. “We a e ot just secu i g powe ; we a e tu i g it i to live, ope atio al AI capacity. That is the ha d pa t, a d it is whe e Applied Digital co ti ues to diffe e tiate itself.”

As dema d fo la ge-scale AI i f ast uctu e co ti ues to g ow, custome s a e placi g i c easi g impo ta ce o executio ce tai ty a d speed to ma ket. Applied Digital’s o -time delive y of a othe majo phase at Pola is Fo ge 1 ei fo ces the Compa y’s ability to b i g complex i f ast uctu e o li e i alig me t with custome timeli es.

Pola is Fo ge 1 is located i Elle dale, No th Dakota, whe e Applied Digital has ope ated si ce 2021 a d built lo g-sta di g elatio ships with local leade s, pa t e s, a d commu ity stakeholde s. As the campus co ti ues to expa d, the Compa y emai s focused o espo sible developme t, local pa t e ship, a d c eati g lo g-te m value i the commu ities whe e it builds.

About Applied Digital

Applied Digital (Nasdaq: APLD), amed Best Data Ce te i the Ame icas 2025 by Datacloud — desig s, builds, a d ope ates high-pe fo ma ce, sustai ably e gi ee ed data ce te s a d colocatio se vices fo a tificial i tellige ce, cloud, etwo ki g, a d blockchai wo kloads. Headqua te ed i Dallas, TX, a d fou ded i 2021, the compa y combi es hype scale expe tise, closed-loop cooli g, a d apid deployme t capabilities to delive secu e, scalable compute at i dust y-leadi g speed a d efficie cy, while c eati g eco omic oppo tu ities i u de se ved commu ities th ough its AI Facto y f a chise model.

Lea mo e at applieddigital.com o follow @APLDdigital o X a d Li kedI .

Fo wa d-Looki g Stateme tsThis p ess elease co tai s “fo wa d-looki g stateme ts” as defi ed i the P ivate Secu ities Litigatio Refo m Act of 1995 ega di g, amo g othe thi gs, futu e ope ati g a d fi a cial pe fo ma ce, p oduct developme t, ma ket positio , busi ess st ategy a d objectives, a d futu e fi a ci g pla s. These stateme ts use wo ds, a d va iatio s of wo ds, such as “will,” “co ti ue,” “build,” “futu e,” “i c ease,” “d ive,” “believe,” “look,” “ahead,” “co fide t,” “p ove ,” “delive ,” “outlook,” “expect,” “p oject” a d “p edict.” Othe examples of fo wa d-looki g stateme ts may i clude, but a e ot limited to, (i) stateme ts that eflect pe spectives a d expectatio s ega di g lease ag eeme ts a d a y cu e t o p ospective data ce te campus developme t; (ii) stateme ts about the high-pe fo ma ce computi g (HPC) i dust y; (iii) stateme ts of compa y pla s a d objectives, i cludi g the compa y’s evolvi g busi ess model, o estimates o p edictio s of actio s by supplie s; (iv) stateme ts of futu e eco omic pe fo ma ce; (v) stateme ts of assumptio s u de lyi g othe stateme ts a d stateme ts about the compa y o its busi ess; a d (vi) the compa y’s pla s to obtai futu e p oject fi a ci g. You a e cautio ed ot to ely o these fo wa d-looki g stateme ts. These stateme ts a e based o cu e t expectatio s of futu e eve ts a d thus a e i he e tly subject to u ce tai ty. If u de lyi g assumptio s p ove i accu ate o k ow o u k ow isks o u ce tai ties mate ialize, actual esults could va y mate ially f om the compa y’s expectatio s a d p ojectio s. These isks, u ce tai ties, a d othe facto s i clude, amo g othe s: whethe o ot ou custome s exe cise the e ewal optio s u de thei leases with us (if ot, we will ot ecog ize fu the eve ue f om such custome u de its espective lease); ou ability to complete co st uctio of ou data ce te campuses as pla ed; the lead time of custome acquisitio a d leasi g decisio s a d elated i te al app oval p ocesses; cha ges to a tificial i tellige ce a d HPC i f ast uctu e eeds a d thei impact o futu e pla s; costs elated to the HPC ope atio s a d st ategy; ou ability to timely delive a y se vices equi ed i co ectio with completio of i stallatio u de lease ag eeme ts; ou ability to aise additio al capital to fu d the o goi g datace te co st uctio a d ope atio s; ou ability to obtai fi a ci g of datace te leases a d mo e b oadly fo ou developme t a d ge e al co po ate activities; ou depe de ce o p i cipal custome s, i cludi g ou ability to execute a d pe fo m ou obligatio s u de ou leases with key custome s; ou ability to timely a d successfully build ew hosti g facilities with the app op iate co t actual ma gi s a d efficie cies; powe o othe supply dis uptio s a d equipme t failu es; the i ability to comply with egulatio s, developme ts a d cha ges i egulatio s; cash flow a d access to capital; availability of fi a ci g to co ti ue to g ow ou busi ess; decli e i dema d fo ou p oducts a d se vices; mai te a ce of thi d pa ty elatio ships; a d co ditio s i the debt a d equity capital ma kets. A fu the list a d desc iptio of these isks, u ce tai ties, a d othe facto s ca be fou d i the compa y’s most ece tly filed A ual Repo t o Fo m 10-K a d Qua te ly Repo ts o Fo m 10-Q, i cludi g i the sectio s captio ed “Fo wa d-Looki g Stateme ts” a d “Risk Facto s,” a d i the compa y’s subseque t fili gs with the Secu ities a d Excha ge Commissio . Copies of these fili gs a e available o li e at www.sec.gov, o the compa y’s website (www.applieddigital.com) u de “I vesto s,” o o equest f om the compa y. I fo matio i this p ess elease is as of the dates a d time pe iods i dicated he ei , a d the compa y does ot u de take to update a y of the i fo matio co tai ed i these mate ials, except as equi ed by law.