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Applied Digital's Stock Soars After Polaris Forge 1 Completion

11/25/2025

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Summary

Story summary

Applied Digital Corporation (NASDAQ:APLD) completed the Polaris Forge 1 building in Ellendale, North Dakota.
Applied Digital Corporation's stock rose 10.86% to $23.38.
The facility now operates at 100 MW of critical IT load, as part of a 400 MW deployment for CoreWeave under long-term leases.
Applied Digital secured a $5 billion lease for Polaris Forge 2, raising total contracted revenue to about $16 billion across both sites.

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Story summary

Applied Digital Corporation (NASDAQ:APLD) completed the Polaris Forge 1 building in Ellendale, North Dakota.
Applied Digital Corporation's stock rose 10.86% to $23.38.
The facility now operates at 100 MW of critical IT load, as part of a 400 MW deployment for CoreWeave under long-term leases.
Applied Digital secured a $5 billion lease for Polaris Forge 2, raising total contracted revenue to about $16 billion across both sites.