Applied Digital
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Applied Digital (Nasdaq: APLD) designs, builds, and operates purpose-built data center campuses in North Dakota and, as of 2026, expanding into the U.S. South, leasing high-density critical IT load to hyperscale AI and HPC tenants such as CoreWeave and Oracle rather than selling traditional small-footprint colocation. Its flagship Polaris Forge 1 campus in Ellendale, North Dakota is anchored by an $11 billion, 15-year lease with CoreWeave covering up to 400MW of liquid-cooled AI infrastructure, and the company is now replicating that model at a second North Dakota campus (Polaris Forge 2, near Harwood) and a growing ‘Delta Forge’ franchise in the U.S. South, starting with a 430MW campus near Alexandria, Louisiana. Originally founded in 2021 as Applied Blockchain, hosting cryptomining hardware for third parties, the company rebranded to Applied Digital in late 2022 and pivoted its build-out toward AI/HPC data centers as demand for GPU capacity surged.
Applied Digital operates as a AI-optimized colocation provider, cloud provider and colocation provider, with facilities at the following locations:
FACILITY OPERATOR
Applied Digital Data Center Locations
- Alexandria, Louisiana, USA Delta Forge 1AI DATA CENTER PENDING REVIEW
Delta Forge 1 near Boyce in Rapides Parish is a $3.6 billion, 430MW AI Factory campus expected to create 200 full-time jobs and about 1,000 construction jobs. - Ellendale, North Dakota, USA Polaris Forge 1 (incl. ELN01)AI DATA CENTER PENDING REVIEW
This campus hosts CoreWeave's AI and HPC infrastructure under an $11 billion, 15-year lease agreement covering up to 400MW of critical IT load. - Harwood, North Dakota, USA Polaris Forge 2AI DATA CENTER PENDING REVIEW
Polaris Forge 2 is a 280MW AI facility that has been leased to Oracle and is expected to employ more than 200 workers once operational. - Jamestown, North Dakota, USA JMS01AI DATA CENTER PENDING REVIEW
JMS01 is a standalone 106MW HPC/AI facility financed in part through a $16 million loan from the Bank of North Dakota, according to a 2024 company announcement.
By Continent
AI Data Centers
Applied Digital's core business today is purpose-built 'AI Factory' campuses designed specifically for high-density GPU workloads. Its Ellendale, North Dakota facility uses direct-to-chip liquid cooling and was engineered to house tens of thousands of Nvidia H100-class GPUs for CoreWeave under an $11 billion, 15-year deal, while its newer Polaris Forge 2 (Harwood, ND) and Delta Forge 1 (Louisiana) campuses use the same liquid-cooled, high-density design for tenants including Oracle and other hyperscalers. The company also touts North Dakota's cold climate as delivering over 200 days of free cooling a year, which it says makes its AI infrastructure more energy-efficient than comparable sites in Texas or Virginia.
- Ellendale, USA Polaris Forge 1 (incl. ELN01) AI DATA CENTER PENDING REVIEW
This campus hosts CoreWeave's AI and HPC infrastructure under an $11 billion, 15-year lease agreement covering up to 400MW of critical IT load. - Jamestown, USA JMS01 AI DATA CENTER PENDING REVIEW
JMS01 is a standalone 106MW HPC/AI facility financed in part through a $16 million loan from the Bank of North Dakota, according to a 2024 company announcement. - Harwood, USA Polaris Forge 2 AI DATA CENTER PENDING REVIEW
Polaris Forge 2 is a 280MW AI facility that has been leased to Oracle and is expected to employ more than 200 workers once operational. - Alexandria, USA Delta Forge 1 AI DATA CENTER PENDING REVIEW
Delta Forge 1 near Boyce in Rapides Parish is a $3.6 billion, 430MW AI Factory campus expected to create 200 full-time jobs and about 1,000 construction jobs.
Common Questions
Does Applied Digital have dedicated AI/GPU infrastructure?
Yes. Its Ellendale, North Dakota campus (Polaris Forge 1) uses direct-to-chip liquid cooling to support dense GPU racks, and the company has said its unique design can accommodate nearly 50,000 Nvidia H100-class GPUs in a single parallel compute cluster, per its own 2023 groundbreaking announcement.
Who are Applied Digital's biggest tenants?
CoreWeave leases up to 400MW of critical IT load across Applied Digital's Ellendale, North Dakota campus under an $11 billion, 15-year agreement, and Oracle has leased capacity at the 280MW Polaris Forge 2 campus near Harwood, North Dakota.
Where is Applied Digital expanding beyond North Dakota?
As of 2026, Applied Digital broke ground on Delta Forge 1, a 430MW AI Factory campus near Boyce/Alexandria, Louisiana, and announced a fifth AI Factory campus, Delta Forge 2, in an as-yet publicly unspecified southern U.S. state.
Is Applied Digital still involved in cryptomining?
The company still operates a legacy cryptomining hosting facility (ELN01, 180MW) in Ellendale, North Dakota, even as its newer buildings on the same campus have been converted to AI/HPC hosting for CoreWeave.
Does Applied Digital offer colocation services?
Applied Digital is classified as a colocation provider among other services it offers — we can't confirm which specific facilities provide colocation services. Please contact Applied Digital directly to confirm colocation availability.
Does Applied Digital offer cloud services?
Applied Digital is classified as a cloud provider among other services it offers — we can't confirm which specific facilities provide cloud services. Please contact Applied Digital directly to confirm cloud availability.
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