What is the latest status of the project “Polaris Forge 2 Data Center Expansion”?

The status recorded for “Polaris Forge 2 Data Center Expansion” is under construction.

What is the budget and commercial profile for the project “Polaris Forge 2 Data Center Expansion”?

Taiyo normalizes the budget of “Polaris Forge 2 Data Center Expansion” to USD 2150000000.

Where can I verify the source and access all details for “Polaris Forge 2 Data Center Expansion”?

This Taiyo project page references Bitget along with the original URL (https://www.bitget.com/news/detail/12560605304738). Taiyo standardizes official data into a consistent, searchable project profile.

Polaris Forge 2 Data Center Expansion

Sector: Data Center • Location: North Dakota, United States

Source: Bitget

Project

Under Construction

Applied Digital raised $2.15 billion through a private, high-yield bond issuance to finance the development of 200 megawatts of data center capacity at its Polaris Forge 2 campus in North Dakota. The entire capacity has been leased to Oracle for approximately 15 years, with expected revenue of around $5 billion. The project is fully financed with a clear path to revenue and includes additional fun

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

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Project Information

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The project “Polaris Forge 2 Data Center Expansion” is an infrastructure initiative in the Data Center sector, located in North Dakota, United States. Taiyo aggregates data on it from Bitget.

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 raised $2.15 billion through a private, high-yield bond issuance to finance the development of 200 megawatts of data center capacity at its Polaris Forge 2 campus in North Dakota. The entire capacity has been leased to Oracle for approximately 15 years, with expected revenue of around $5 billion. The project is fully financed with a clear path to revenue and includes additional funding pledges to ensure timely completion.
Original sector	Technology
Budget

Location

Country	United States of America (USA)
State	North Dakota

Source

Source	Bitget
URL

More Details

Record type	Project
Sector	Data Center
Article published date	2026-03-27

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Polaris Forge 2 Data Center Expansion

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