Friday, March 13, 2026

Update On Polaris Forge One And Two -- Polaris Forge 1 And Polaris Forge 2 -- March 13, 2026

Locator: 50209LDC.

Data center map linked here. Currently, 23 in North Dakota. Total in the US: 4,078.

Link here

Note there is #1 and #2 -- 

Number 2, Polaris Forge 2:  

From the link: 

The company building a massive artificial intelligence data center near Harwood has secured more than $2 billion to move the project forward.

Applied Digital Corporation closed a $2.15 billion bond offering Tuesday, according to a filing with the U.S. Securities and Exchange Commission. The company plans to use the money to fund construction at its Polaris Forge 2 campus in Harwood, an AI facility currently leased to Oracle.

The financing comes roughly seven months after Applied Digital announced the project last August. The company said at the time it planned to break ground in September 2025 on what it described as a 280-megawatt “AI Factory” spanning more than 900 acres.

The new funding will specifically support 200 megawatts of critical computing capacity at the site, the SEC filing states.

 A lot of data points at that article.

Again, the entry fee for a large data center is $1 billion / GW -- link here --  $2 billion for 280-MW -- either I'm comparing apples with oranges; or misreading this; or, something else is going on that I don't understand. 

Although AI calls this a "massive" LDC, I've always considered "massive" as 1 GW or larger:

So, although this may be massive for North Dakota, I am still keeping with "massive" as 1 GW or bigger. With the entry fee of $10 billion per GW.

What about Polaris Forge 1? 

 
Cost of Polaris Forge 1
: