Polaris Forge 2

🇺🇸 United States · Applied Digital

200 MW Critical IT

Investment-grade hypersc… Customer

High Evidence confidence · 2 of 2 gates confirmed

200 MW leased to an investment-grade hyperscaler, approximately $5bn over a 15-year initial term.

Path to billing

Furthest evidenced: Customer contracted

Announced Not disclosed
Power Not disclosed
Energised Not disclosed
Accepted Not disclosed
Billing Not disclosed

Each stage rolls up the project gates that evidence it. A stage marked Not disclosed has no gate on record — which is not the same as a stage the site has yet to reach.

Site view

Illustrative — not a photograph of this site

A generic campus illustration, shown to orient the layout of a site of this kind. It is not imagery of Polaris Forge 2, carries no live telemetry, and no element of it is positioned from data. Every factual claim on this page is in the panels around it.

Latest evidence

Nothing on this site carries a dated, sourced record yet.

Dependencies

From tracked gates only

Power / grid Not disclosed

Permits Not disclosed

Financing Not disclosed

Long-lead equipment Not disclosed

Customer Complete

Cooling Not disclosed

Networking Not disclosed

Site replay

Documented progression

No milestone on this site carries a published date, so there is nothing to replay.

Site status

Announced
Not disclosed
Power secured
Not disclosed
Construction
In progress · ↗ sec.gov
Energised
Not disclosed
Customer contracted
Complete · ↗ sec.gov
Acceptance
Not disclosed
Billing
Not disclosed

Acceptance

No date or window has been guided.

Customer contracts

Investment-grade hyperscaler (Polaris Forge 2) 200 MW · $5bn · 15-year term