What is the latest status of the project “Polaris Forge 1 Data Center Expansion”?

The status recorded for “Polaris Forge 1 Data Center Expansion” is under construction.

What is the budget and commercial profile for the project “Polaris Forge 1 Data Center Expansion”?

Taiyo normalizes the budget of “Polaris Forge 1 Data Center Expansion” to USD 300000000.

Where can I verify the source and access all details for “Polaris Forge 1 Data Center Expansion”?

This Taiyo project page references Insider Monkey along with the original URL (https://www.insidermonkey.com/blog/applied-digital-apld-raises-300m-for-expansion-climbs-6-2-1753664/?amp=1). Taiyo standardizes official data into a consistent, searchable project profile.

Polaris Forge 1 Data Center Expansion

Sector: Bridge • Location: Ellendale, North Dakota, United States

Source: Insider Monkey

Project

Under Construction

Applied Digital Corp. raised $300 million through a senior secured bridge facility led by Goldman Sachs to fund the development and construction of its third data center at the Polaris Forge 1 campus in Ellendale, North Dakota. The financing supports the continued development of the AI data center and reflects a disciplined approach to funding projects in line with construction timelines.

Status: Under Construction
Sector: Bridge, Data Center
Location: Ellendale, North Dakota, United States of America
Updated: 22 Jul 2026
Source: Insider Monkey

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Project Information

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The project “Polaris Forge 1 Data Center Expansion” is an infrastructure initiative in the Bridge sector, located in Ellendale, North Dakota, United States. Taiyo aggregates data on it from Insider Monkey.

Participants

Not available for this record.

Status

Original status	under construction
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Applied Digital Corp. raised $300 million through a senior secured bridge facility led by Goldman Sachs to fund the development and construction of its third data center at the Polaris Forge 1 campus in Ellendale, North Dakota. The financing supports the continued development of the AI data center and reflects a disciplined approach to funding projects in line with construction timelines.
Original sector	Technology
Budget

Location

Country	United States of America (USA)
State	North Dakota
City	Ellendale

Source

Source	Insider Monkey
URL

More Details

Record type	Project
Sector	Bridge, Data Center
Article published date	2026-05-07

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Polaris Forge 1 Data Center Expansion

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