AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
_6ff029a61766633234293.png?format=webp&width=1186&height=250)
Applied Digital Announces $3 Billion Data Center, Shares Surge 16.1%
ByAinvest
Wednesday, Aug 20, 2025 2:03 am ET1min read
Applied Digital's stock surged 16.1% on Monday after announcing a new $3 billion AI data center, Polaris Forge 2, in North Dakota. The company plans to break ground in September, open for business in 2026, and reach full capacity in 2027. Applied Digital isn't profitable and won't be for years, but its revenue has more than doubled last year and is up 1500% over two years.
Applied Digital Corporation's stock surged 16.1% on Monday following the announcement of a new $3 billion AI data center, Polaris Forge 2, in North Dakota. The company plans to commence construction in September 2025, with initial operations slated for 2026 and full capacity expected by early 2027 [1].Polaris Forge 2 will be a 280-megawatt (MW) facility, designed with the capability to scale beyond its initial capacity. The new campus is part of Applied Digital's rapid expansion in North Dakota, driven by surging demand for AI computing power. The project builds on the success of Polaris Forge 1 in Ellendale and underscores the state's strategic importance for AI infrastructure in the U.S. [1].
The company has secured power through Cass County Electric Cooperative and plans to employ over 200 full-time employees once fully operational. The development includes two facilities with capacity for future expansion and is expected to contribute significantly to North Dakota's economy [1].
While Applied Digital is not yet profitable and expects to remain so for years, its revenue has more than doubled in the past year and increased by 1500% over the last two years. The company's stock performance reflects investor confidence in its growth prospects and strategic positioning in the AI infrastructure market [1].
The announcement of Polaris Forge 2 highlights Applied Digital's commitment to sustainable, high-performance digital infrastructure, which powers innovation and delivers economic and community benefits. The project is expected to strengthen the company's operations and enhance its ability to scale [1].
References:
[1] https://ir.applieddigital.com/news-events/press-releases/detail/127/applied-digital-to-break-ground-on-3-billion-polaris-forge
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet