$2.7 Billion in Data Center Savings: New Applied Digital Report Positions North Dakota as the Epicenter for AI Infrastructure

Polaris Forge 'AI Factory' model outlines how smart site selection and cooling design can cut costs by up to $60M per year per campus
DALLAS, June 17, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ('Applied Digital' or the 'Company'), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, announces the release of a new white paper, AI Factory: A Case Study for Total Cost of Ownership. The paper details how site selection and data center design decisions can dramatically reduce the long-term costs of generative AI infrastructure.
'AI factories represent a fundamentally new category of digital infrastructure,' said Wes Cummins, Chairman and CEO of Applied Digital. 'Their success hinges on making the right decisions up front, especially around power and cooling. This white paper helps lay out what those decisions look like and why regions like North Dakota can outperform conventional markets on both cost and sustainability.'
Applied Digital also introduced Polaris Forge as the name for its North Dakota-based data center region. With four campuses in various stages of development, Polaris Forge is built for scale, optimized for AI workloads, driven by renewable power and supported by infrastructure that prioritizes total cost of ownership.
Key findings from the white paper include:
AI factories require 15-30 times the power density of traditional data centers, driving the need for new power and cooling strategies.
Site selection directly impacts cost; choosing areas with stranded power and cooler climates can reduce annual electricity costs by $50 to $60 million per year compared to other existing 100MW data centers, or up to $2.7 billion over a 30-year lifespan.
Liquid cooling and free cooling are essential to long-term efficiency, enabling significantly lower Power Usage Effectiveness (PUE) and Water Usage Effectiveness (WUE).
North Dakota offers more than 220 days of free cooling annually, which contributes to lower operational costs and improved sustainability.
Polaris Forge 01's design, featuring a closed-loop, waterless, direct-to-chip cooling system and access to gigawatt-scale stranded power demonstrates how infrastructure purpose-built for AI can achieve a projected PUE of 1.18 and a WUE near zero.
The company's existing Ellendale campus—now designated Polaris Forge 01—demonstrates how a purpose-built AI factory can outperform traditional markets. Applied Digital designed Polaris Forge 1 with speed and efficiency in mind, selecting a location that offers access to abundant stranded power, a favorable climate for free cooling, and a strong foundation for long-term capacity expansion. Built to support 400 MW of critical IT load, with over 1 gigawatt in load study, Polaris Forge 01 positions both the region and Applied Digital as leaders in AI infrastructure.
In addition to its infrastructure development, Applied Digital continues to play a key role in supporting local economies and workforces through its Community and Economic Development Initiatives. The company's approach to integrating community priorities, such as workforce housing and job creation, into its data center expansion strategy has helped it scale responsibly while maintaining strong local support.
'With Polaris Forge, we're building something that's efficient, scalable and community-focused,' added Cummins. 'We believe AI infrastructure can thrive in places like North Dakota—not in spite of their location, but because of it.'
Applied Digital recently signed a 250MW 15-year lease agreement, worth $7 billion over its term, with CoreWeave for deployment at Polaris Forge 01, demonstrating strong market confidence in the company's ability to deliver large-scale, AI-optimized infrastructure with speed and reliability in emerging high-performance computing regions.
To learn more about how site selection and design can impact long-term AI infrastructure costs, and why Applied Digital is betting big on regions like North Dakota, download the full white paper.
About Applied Digital Applied Digital (Nasdaq: APLD) develops, builds and operates next-generation data centers and cloud infrastructure. Different by design, the company's purpose-built facilities are engineered to unleash the power of accelerated compute and deliver secure, scalable and sustainable digital hosting, along with turnkey CSaaS and GPU-as-a-Service solutions. Backed by deep hyperscale expertise and a robust pipeline of available power, Applied Digital accommodates AI Factories and beyond to support the world's most exacting AI/ML, blockchain and high-performance computing (HPC) workloads.
CAUTION ABOUT FORWARD-LOOKING STATEMENTS
This press release contains 'forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position, business strategy and objectives and future financing plans. These statements use words, and variations of words, such as 'will,' 'continue,' 'build,' 'future,' 'increase,' 'drive,' 'believe,' 'look,' 'ahead,' 'confident,' 'deliver,' 'outlook,' 'expect,' 'project' and 'predict.' Other examples of forward-looking statements may include, but are not limited to, (i) statements that reflect perspectives and expectations regarding the data center campus development, (ii) statements about the high-performance computing (HPC) industry, (iii) statements of plans and objectives, including an evolving business model, or estimates or predictions of actions by suppliers, (iv) statements of future economic performance, and (v) statements of assumptions underlying other statements and statements about the Company or its business. You are cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from our expectations and projections. These risks, uncertainties, and other factors include: our ability to complete construction of the Ellendale HPC data centers; changes to AI and HPC infrastructure needs and their impact on future plans; risks associated with the leasing business, including those associated with counterparties; costs related to the HPC operations and strategy; our ability to raise additional capital to fund ongoing and future data center construction and operations; our ability to obtain financing of the lease agreements on acceptable financing terms, or at all; the inability to comply with regulations, developments and changes in regulations; cash flow and access to capital; availability of financing to continue to grow our business; decline in demand for our products and services; maintenance of third party relationships; and conditions in the debt and equity capital markets. A further list and description of these risks, uncertainties and other factors can be found in the Company's most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q, including in the sections captioned 'Forward-Looking Statements' and 'Risk Factors,' and in the Company's subsequent filings with the Securities and Exchange Commission. Copies of these filings are available online at www.sec.gov, on the Company's website (www.applieddigital.com) under 'Investors,' or on request from the Company. Information in this release is as of the dates and time periods indicated herein, and the Company does not undertake to update any of the information contained in these materials, except as required by law.
CONTACT: Media Contact: Jaymie Scotto & Associates jsa_applied@jsa.netSign in to access your portfolio

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Yahoo

an hour ago

• Yahoo

1 AI Super Stock Is Starting to Rebound, but Shares Still Look Cheap

Datadog stock remains more than 35% below the all-time high it reached four years ago. Many organizations are rapidly adopting AI-powered tools, which presents an opportunity for Datadog. The shares are trading near their cheapest price-to-sales ratio ever. 10 stocks we like better than Datadog › The rise of artificial intelligence (AI) is generating plenty of wealth on Wall Street -- and the winners won't be limited to just semiconductor stocks like Nvidia. Tech stocks across several subsectors will benefit, too. Let's take a look at one such stock, Datadog (NASDAQ: DDOG). Between 2019 and 2021, Datadog was one of the hottest names in the stock market. Shares advanced by more than 400% in only three years. However, as the stock market soured on tech stocks and speculative companies in 2022, Datadog shares plummeted. All told, the shares cratered by 68%, erasing the majority of their earlier gains. As of this writing, Datadog stock remains more than 35% off of the all-time high it touched in late 2021. Yet sentiment regarding the stock appears to have shifted. Datadog, which provides cloud monitoring services for enterprises, now boasts strong ratings from the analyst community. According to data compiled by Yahoo! Finance, there are 46 analysts covering Datadog. Of those, 10 rate it as a strong buy, 28 rate it a buy, and eight call it a hold. None of them rate it a sell or strong sell. Moreover, the average 12-month price target for Datadog shares is nearly $139. That's about 9% higher than the stock trades as of this writing. Datadog's business model is to sell monitoring services to organizations with significant cloud assets. This type of monitoring is critical to enterprises today, as operational downtime can result in serious consequences, including lost revenue, customer dissatisfaction, and even legal action. It already serves tens of thousands of clients across a range of industries, including e-commerce, gaming, and finance. While the type of monitoring that Datadog offers isn't new, what it is monitoring is changing. New large language models (LLMs) powered by AI algorithms have become much more important to organizations. Use of these models is rapidly spreading into the day-to-day operations of countless organizations. As this happens, their performance must be monitored, too. That has created a new source of revenue for Datadog, which is helping boost its growth. Consider the company's first-quarter results. Datadog noted that about 8.5% of its total revenue came from AI-native customers. That was up from 3.5% one year earlier -- showing meaningful growth for this new source of revenue. Management also raised its revenue guidance for the year by about $40 million, or 1%, on the back of this fast-growing new source of sales. Ultimately, these figures aren't game changers for Datadog, but they demonstrate that the AI revolution is benefiting the company. If it can continue to deliver on its higher guidance -- or even surpass it -- the stock should respond positively. In part, that's because Datadog's valuation remains near multiyear lows. Though Datadog's stock price has recovered significantly from its 2022 low point, its valuation -- as measured by its price-to-sales (P/S) ratio -- remains near the bottom of its range. As of this writing, Datadog shares trade at a P/S ratio of around 16. That's well below the peak levels above 60 that it reached in 2020 and 2021. It's also far below the stock's average of 28. Granted, a P/S ratio of 16 is still high compared to many stocks -- even within the tech sector. However, for long-term investors who want to establish a position in Datadog shares, it should be comforting that it doesn't appear to be overvalued. The stock appears to be rebounding after a steep decline. The AI revolution is playing a role in that comeback, and the analyst community is moderately bullish on the company's prospects. Finally, its current valuation is well below its long-term average. Overall, that suggests that this could be a good time for long-term investors to buy. Before you buy stock in Datadog, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Datadog wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Jake Lerch has positions in Nvidia. The Motley Fool has positions in and recommends Datadog and Nvidia. The Motley Fool has a disclosure policy. 1 AI Super Stock Is Starting to Rebound, but Shares Still Look Cheap was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Associated Press

3 hours ago

• Associated Press

MSTR Shareholder Reminder: Kessler Topaz Meltzer & Check, LLP Reminds MicroStrategy Incorporated d/b/a Strategy (MSTR) Shareholders of Deadline in Securities Fraud Class Action Lawsuit

RADNOR, PA - June 21, 2025 ( NEWMEDIAWIRE ) - The law firm of Kessler Topaz Meltzer & Check, LLP ( ) informs investors that a securities class action lawsuit has been filed against MicroStrategy Incorporated d/b/a Strategy ('Strategy') ( NASDAQ: MSTR ) on behalf of those who purchased or otherwise acquired Strategy securities between April 30, 2024, and April 4, 2025, inclusive (the 'Class Period'). The lead plaintiff deadline is July 15, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Strategy losses, you may CLICK HERE or copy and paste the following link into your browser: You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding Strategy's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the anticipated profitability of Strategy's bitcoin-focused investment strategy and treasury operations was overstated; (2) the various risks associated with bitcoin's volatility and the magnitude of losses Strategy could recognize on the value of its digital assets following its adoption of ASU 2023-08 were understated; and (3) as a result, Defendants' public statements were materially false and misleading at all relevant times. THE LEAD PLAINTIFF PROCESS: Strategy investors may, no later than July 15, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Strategy investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit CONTACT: Kessler Topaz Meltzer & Check, LLP Jonathan Naji, Esq. (484) 270-1453 280 King of Prussia Road Radnor, PA 19087 [email protected] May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes. View the original release on

Business Upturn

3 hours ago

• Business Upturn

Martini Market Presale Surpasses 40% of Softcap Within 24 Hours of Launch on XRP Ledger

By GlobeNewswire Published on June 21, 2025, 19:02 IST DUBAI, United Arab Emirates, June 21, 2025 (GLOBE NEWSWIRE) — Martini Market , the decentralized prediction market platform being developed on the XRP Ledger (XRPL), has confirmed that its $MRT token presale has exceeded 40% of its initial softcap target within 24 hours of launch. The strong early participation reflects rising interest in emerging use cases within the expanding XRP ecosystem. The presale, which opened on June 19 at 3 PM UTC, offers 4 million $MRT tokens to the public out of a total supply of 10 million. The softcap is set at 50,000 XRP, and the hardcap is capped at 250,000 XRP. According to the project team, over 20,000 XRP has already been contributed in the first 24 hours. Martini Market positions itself as the first decentralized, on-chain prediction platform built directly on the XRP Ledger. It aims to enable users to create and participate in outcome-based markets tied to real-world events. These include sectors such as politics, sports, finance, and global affairs, resolved via oracles and on-chain automation. The $MRT token is designed as a core utility asset within the Martini Market ecosystem. According to the team, its intended functions include governance participation, staking, and market creation. Platform users holding specific quantities of $MRT will have access to additional roles and benefits once the platform is live. The project launch comes amid a period of notable development across the XRP Ledger. Ripple's recent regulatory progress in the UAE, including DFSA approval and partnerships with Zand Bank and Mamo, along with the integration of USDC and RLUSD, and the introduction of an EVM-compatible sidechain, have contributed to an environment increasingly supportive of DeFi protocols. 'The early demand for $MRT appears to reflect an appetite within the XRPL community for decentralized tools that go beyond payments,' said a Martini Market spokesperson. 'Prediction markets are widely used on other blockchains, and bringing this functionality to XRPL could open a new chapter in its utility-driven growth.' The $MRT token is currently being offered at a presale rate of 1 XRP = 16 MRT. Post-presale, the listing price has been set at 1 XRP = 11 MRT, representing a difference of approximately 30% from the presale valuation. The presale is expected to run for up to 30 days, though it may conclude earlier if the hardcap is reached. In addition to governance and market participation, $MRT will also be used to incentivize liquidity providers and potentially reward staking participants. Specific platform mechanisms will be detailed further as the protocol approaches mainnet deployment. Martini Market has not made any financial projections or investment claims regarding $MRT. The team emphasizes that participation in the presale is subject to personal discretion and recommends that users conduct independent research before contributing. For more information on Martini Market's presale structure, roadmap, or token details, users are encouraged to visit the official website and verified community channels. Official ChannelsWebsite: @MartiniXRPLTelegram: Discord: Contact:Picard Beaumont [email protected] Disclaimer: This is a paid post and is provided by Martini Market. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.