Applied Digital has expanded its Polaris Forge 1 campus in Ellendale, North Dakota, by adding 75 MW of critical IT load. This development, which includes three new 25 MW data halls, brings the total operational capacity of the site to 250 MW.
The facility is fully leased under long-term agreements, with CoreWeave serving as the anchor customer. The company plans to increase the total capacity of the campus to 400 MW, leaving 150 MW of development remaining.
Following the announcement on October 2, 2026, the company's stock (APLD) rose approximately 5%, reaching an intraday high of over $26.85 before settling near $25.38.
Across its five AI Factory campuses, Applied Digital holds contracts for 1.41 GW of critical IT load. These agreements are expected to generate approximately $36.2 billion in base-term revenue over 15-year periods.
The company is scheduled to release its fiscal Q1 2027 financial results on October 7, 2026.
