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Cartis diligence evidence schedule

Applied Digital Polaris Forge 1

PRJ-0623 · Site · Ellendale, North Dakota, United States

Captured 2026-09-06T04:12:51.456Z · Record last updated 2026-08-27

SHA-256: 531364505c3c836e2212c8b0523e5385b8b2c139805a6650e8f3645cdc75e480

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Scope and capacity

Applied Digital has placed the first 50 MW phase of Polaris Forge 1 into service at Ellendale, North Dakota. The delivered phase is part of a fully leased 400 MW critical-IT deployment for CoreWeave, with additional campus construction continuing. Liquid-cooling and near-zero-water design for AI and high-performance computing workloads.

Headline: 400 MW Contracted

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Claims and exhibit sources

Location Context · Polaris Forge 1 campus | Ellendale | North Dakota | United States

actual · Applied Digital Polaris Forge 1 (project)

Claim 55496 · Review: Approved · Claim date: Not published

  1. Applied Digital Achieves Ready for Service for Phase 1 at Polaris Forge 1

    Applied Digital · Document date: 2025-10-27 · Primary

    https://ir.applieddigital.com/news-events/press-releases/detail/133/applied-digital-achieves-ready-for-service-for-phase-1-at

Lifecycle Status · Partially operational

actual · Applied Digital Polaris Forge 1 (project)

Claim 55497 · Review: Approved · Claim date: Not published

  1. Applied Digital Achieves Ready for Service for Phase 1 at Polaris Forge 1

    Applied Digital · Document date: 2025-10-27 · Primary

    https://ir.applieddigital.com/news-events/press-releases/detail/133/applied-digital-achieves-ready-for-service-for-phase-1-at

Reported Capacity · 400 MW

actual · Applied Digital Polaris Forge 1 (project)

Claim 55498 · Review: Approved · Claim date: Not published

Headline treatment: Selected headline

  1. Applied Digital Achieves Ready for Service for Phase 1 at Polaris Forge 1

    Applied Digital · Document date: 2025-10-27 · Primary

    https://ir.applieddigital.com/news-events/press-releases/detail/133/applied-digital-achieves-ready-for-service-for-phase-1-at

Capacity Basis · Fully leased critical IT deployment; 50 MW delivered at cited milestone

actual · Applied Digital Polaris Forge 1 (project)

Claim 55499 · Review: Approved · Claim date: Not published

  1. Applied Digital Achieves Ready for Service for Phase 1 at Polaris Forge 1

    Applied Digital · Document date: 2025-10-27 · Primary

    https://ir.applieddigital.com/news-events/press-releases/detail/133/applied-digital-achieves-ready-for-service-for-phase-1-at

Project Identity · Applied Digital Polaris Forge 1

actual · Applied Digital Polaris Forge 1 (project)

Claim 114527 · Review: Approved · Claim date: Not published

  1. Applied Digital fiscal 2026 Form 10-K

    Applied Digital · Document date: 2026-07-30 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm
  2. Applied Digital Achieves Ready for Service for Phase 1 at Polaris Forge 1

    Applied Digital · Document date: 2025-10-27 · Primary

    https://ir.applieddigital.com/news-events/press-releases/detail/133/applied-digital-achieves-ready-for-service-for-phase-1-at

Lifecycle Status · Operating with expansion underway

actual · Applied Digital Polaris Forge 1 (project)

Claim 114528 · Review: Approved · Claim date: Not published

  1. Applied Digital fiscal 2026 Form 10-K

    Applied Digital · Document date: 2026-07-30 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm
  2. Applied Digital Achieves Ready for Service for Phase 1 at Polaris Forge 1

    Applied Digital · Document date: 2025-10-27 · Primary

    https://ir.applieddigital.com/news-events/press-releases/detail/133/applied-digital-achieves-ready-for-service-for-phase-1-at

Location · Ellendale, ND, US

actual · Applied Digital Polaris Forge 1 (project)

Claim 114529 · Review: Approved · Claim date: Not published

  1. Applied Digital fiscal 2026 Form 10-K

    Applied Digital · Document date: 2026-07-30 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm
  2. Applied Digital Achieves Ready for Service for Phase 1 at Polaris Forge 1

    Applied Digital · Document date: 2025-10-27 · Primary

    https://ir.applieddigital.com/news-events/press-releases/detail/133/applied-digital-achieves-ready-for-service-for-phase-1-at

Participant Roles · Applied Digital, CoreWeave

actual · Applied Digital Polaris Forge 1 (project)

Claim 114530 · Review: Approved · Claim date: Not published

  1. Applied Digital fiscal 2026 Form 10-K

    Applied Digital · Document date: 2026-07-30 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm
  2. Applied Digital Achieves Ready for Service for Phase 1 at Polaris Forge 1

    Applied Digital · Document date: 2025-10-27 · Primary

    https://ir.applieddigital.com/news-events/press-releases/detail/133/applied-digital-achieves-ready-for-service-for-phase-1-at

Capacity · 400 MW

actual · Applied Digital Polaris Forge 1 (project)

Claim 114531 · Review: Approved · Claim date: Not published

Headline treatment: Separate claim, not added to the headline

  1. Applied Digital fiscal 2026 Form 10-K

    Applied Digital · Document date: 2026-07-30 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm
  2. Applied Digital Achieves Ready for Service for Phase 1 at Polaris Forge 1

    Applied Digital · Document date: 2025-10-27 · Primary

    https://ir.applieddigital.com/news-events/press-releases/detail/133/applied-digital-achieves-ready-for-service-for-phase-1-at

Capacity Basis · 400 MW contracted critical IT capacity

actual · Applied Digital Polaris Forge 1 (project)

Claim 114532 · Review: Approved · Claim date: Not published

  1. Applied Digital fiscal 2026 Form 10-K

    Applied Digital · Document date: 2026-07-30 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm
  2. Applied Digital Achieves Ready for Service for Phase 1 at Polaris Forge 1

    Applied Digital · Document date: 2025-10-27 · Primary

    https://ir.applieddigital.com/news-events/press-releases/detail/133/applied-digital-achieves-ready-for-service-for-phase-1-at

Development Scale · 50 MW ready for service; first building designed for 100 MW

actual · Applied Digital Polaris Forge 1 (project)

Claim 114533 · Review: Approved · Claim date: Not published

  1. Applied Digital fiscal 2026 Form 10-K

    Applied Digital · Document date: 2026-07-30 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm
  2. Applied Digital Achieves Ready for Service for Phase 1 at Polaris Forge 1

    Applied Digital · Document date: 2025-10-27 · Primary

    https://ir.applieddigital.com/news-events/press-releases/detail/133/applied-digital-achieves-ready-for-service-for-phase-1-at

Infrastructure · Liquid cooling and near zero water design for AI and high performance computing workloads.

actual · Applied Digital Polaris Forge 1 (project)

Claim 114534 · Review: Approved · Claim date: Not published

  1. Applied Digital fiscal 2026 Form 10-K

    Applied Digital · Document date: 2026-07-30 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm
  2. Applied Digital Achieves Ready for Service for Phase 1 at Polaris Forge 1

    Applied Digital · Document date: 2025-10-27 · Primary

    https://ir.applieddigital.com/news-events/press-releases/detail/133/applied-digital-achieves-ready-for-service-for-phase-1-at

Counterparties and capital

Applied Digital · Developer · CMP-1390

CoreWeave · Tenant · CMP-0099

Commercial Contract

$11,000,000,000 · 2026-07-30

Long-term contracted revenue associated with the 400 MW CoreWeave deployment.

Anthropic (Sponsor)

Financing record 216; claim-specific source links appear in the exhibit sources where published.

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