Reports Q4 revenue $38.01M, consensus $37.12M. “These long-term leases mark a defining moment for Polaris Forge 1, one of North America’s most ambitious data center projects,” said Wes Cummins, chairman and CEO of Applied Digital (APLD). “Purpose-built for artificial intelligence and high-performance computing, the campus combines massive power capacity with rapid deployment and is designed to scale up to 1 gigawatt. With the first 100MW facility scheduled to be operational in Q4 2025, a second 150MW facility scheduled to come online in mid-2026, and a third 150MW facility planned for 2027, we believe Polaris Forge1 will serve as a launchpad for the future of AI infrastructure.”
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