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Yahoo
4 days ago
- Business
- Yahoo
$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 on the Company's website ( 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@ in to access your portfolio
Time of India
13-06-2025
- Business
- Time of India
Crypto income on I-T radar; department sends emails to individuals
The Income Tax Department has sent a communication to thousands of individuals who have undertaken cryptocurrency transactions but failed to reflect this income in their returns, official sources said Friday. These transactions pertain to assessment years 2023-24 and 2024-25, they said. The department and its policy-making body, the Central Board of Direct Taxes (CBDT), suspect tax evasion and money laundering by certain "high-risk" people who are potentially using "unaccounted" income to invest in virtual digital assets (VDAs), commonly known as cryptocurrency. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 23.7% Returns in last 5 years with Shriram Life's ULIP Shriram Life Insurance Undo Sources told PTI that the I-T Department has sent e-mails to thousands of defaulting people nudging them to file an updated Income Tax Return (ITR) if any income on account of crypto transactions has not been declared or mis-declared by them. This communication is part of the NUDGE (Non-intrusive Usage of Data to Guide and Enable) campaign undertaken by the department with a philosophy of "trust taxpayers first" philosophy. Live Events According to section 115BBH of the Income Tax Act (provided by the Finance Act of 2022), a flat tax rate of 30 per cent (plus applicable surcharge and cess) is levied on income from crypto transfers. The provision does not allow deduction of any expenses except the cost of acquisition. Further, set-off of losses from crypto investment or trading is not allowed to be set off against any other income or for carry forward to subsequent years. Sources indicated that data analytics done by the tax department has shown that a "significant" number of people have not filed the Schedule VDA (for crypto) in their ITRs, and such people were offering tax on the income earned at a lower rate or claiming cost indexation. It is understood that the ITRs filed by taxpayers are being verified by the department with tax deducted at source (TDS) returns filed by various cryptocurrency exchanges (Virtual Asset Service Providers), and the defaulters may be selected for further "verification or scrutiny". This is the third in the NUDGE series campaign undertaken by the I-T Department and the CBDT, where they gently remind taxpayers about their liabilities. The previous two were related to seeking correct declarations on foreign assets and income by taxpayers and withdrawal of bogus claims of deduction under section 80GGC of the I-T Act.
Korea Herald
23-05-2025
- Business
- Korea Herald
"CP Group," through "True IDC," Launches Thailand's First AI Hyperscale Data Center, Elevating Digital Infrastructure into the Giga Data Center Era and Advancing Thailand as the Digital Hub of ASEAN
BANGKOK, May 23, 2025 /PRNewswire/ -- True Internet Data Center (True IDC), a leading data center and cloud service provider under Charoen Pokphand Group (CP), officially launched Thailand's first AI Hyperscale Data Center, reinforcing its commitment to advancing the nation's digital infrastructure to support the new economy and positioning Thailand as the digital hub of ASEAN. Mr. Suphachai Chearavanont, Chief Executive Officer of Charoen Pokphand Group, stated that the launch of this AI Hyperscale Data Center marks a significant milestone in Thailand's entry into the Giga Data Center era. Digital infrastructure not only supports technological advancement, but also serves as a key mechanism for driving the country's new economy—benefiting both businesses and citizens. It enhances Thailand's global competitiveness and readiness for the AI-driven future at both national and regional levels. Moreover, this data center investment fosters knowledge transfer for the Thai people. " To enable everyone—individuals, companies, and industries—to access AI and cloud technology, a fundamental requirement is a robust data center. This development brings immense benefits to Thailand and its industries, and contributes to the broader region by establishing Thailand as a regional hub while fostering domestic digital research and development." stated by Mr. Suphachai. Mr. Narit Therdsteerasukdi, Secretary General of the Board of Investment (BOI), added"I would like to extend my congratulations to True IDC on the launch of its new data center. This is a historic moment for a Thai company to develop hyperscale digital infrastructure. This data center will play a crucial role in elevating Thailand into a digital economic hub of the region, supported by a strong digital ecosystem and enhanced attractiveness for investment in digital and technology-driven industries." Mr. Thanasorn Jaidee, President of True IDC, shared, "This new AI Hyperscale Data Center sets a new benchmark for Thailand's data center industry in terms of technology, engineering, and sustainability. It is designed to handle hyperscale workloads and clients with architecture tailored for the digital era—especially industries powered by data, cloud, and AI. This foundation enhances Thailand's capability to independently and securely develop advanced technologies." This AI Hyperscale Data Center is purpose-built for AI processing and large-scale workloads, equipped with over 20 megawatts of power capacity to support high-performance and stable computing, including Graphic Processing Unit (GPU) workloads. The facility features a high-efficiency smart fan wall unit cooling system and is designed to support liquid cooling technology. It also includes high redundancy backup systems to ensure uninterrupted computing operations and continuous business services. The center is optimized for energy efficiency with Thailand's best-in-class Power Usage Effectiveness (PUE) and houses a Data Center Innovation Lab for testing and developing new solutions across various industries. This AI Hyperscale Data Center also plays a critical role in supporting the digital transformation of industries, especially Thailand's New S-Curve industries, such as electric vehicles (EV), digital health and medical services, smart agriculture, fintech and digital finance, digital content, and the creative economy. All of these sectors rely heavily on massive data processing and high-performance computing. Having a modern domestic digital infrastructure empowers these industries to maximize their competitiveness without relying heavily on foreign data infrastructure.
Malaysian Reserve
23-05-2025
- Business
- Malaysian Reserve
"CP Group," through "True IDC," Launches Thailand's First AI Hyperscale Data Center, Elevating Digital Infrastructure into the Giga Data Center Era and Advancing Thailand as the Digital Hub of ASEAN
BANGKOK, May 23, 2025 /PRNewswire/ — True Internet Data Center (True IDC), a leading data center and cloud service provider under Charoen Pokphand Group (CP), officially launched Thailand's first AI Hyperscale Data Center, reinforcing its commitment to advancing the nation's digital infrastructure to support the new economy and positioning Thailand as the digital hub of ASEAN. Mr. Suphachai Chearavanont, Chief Executive Officer of Charoen Pokphand Group, stated that the launch of this AI Hyperscale Data Center marks a significant milestone in Thailand's entry into the Giga Data Center era. Digital infrastructure not only supports technological advancement, but also serves as a key mechanism for driving the country's new economy—benefiting both businesses and citizens. It enhances Thailand's global competitiveness and readiness for the AI-driven future at both national and regional levels. Moreover, this data center investment fosters knowledge transfer for the Thai people. 'To enable everyone—individuals, companies, and industries—to access AI and cloud technology, a fundamental requirement is a robust data center. This development brings immense benefits to Thailand and its industries, and contributes to the broader region by establishing Thailand as a regional hub while fostering domestic digital research and development.' stated by Mr. Suphachai. Mr. Narit Therdsteerasukdi, Secretary General of the Board of Investment (BOI), added 'I would like to extend my congratulations to True IDC on the launch of its new data center. This is a historic moment for a Thai company to develop hyperscale digital infrastructure. This data center will play a crucial role in elevating Thailand into a digital economic hub of the region, supported by a strong digital ecosystem and enhanced attractiveness for investment in digital and technology-driven industries.' Mr. Thanasorn Jaidee, President of True IDC, shared, 'This new AI Hyperscale Data Center sets a new benchmark for Thailand's data center industry in terms of technology, engineering, and sustainability. It is designed to handle hyperscale workloads and clients with architecture tailored for the digital era—especially industries powered by data, cloud, and AI. This foundation enhances Thailand's capability to independently and securely develop advanced technologies.' This AI Hyperscale Data Center is purpose-built for AI processing and large-scale workloads, equipped with over 20 megawatts of power capacity to support high-performance and stable computing, including Graphic Processing Unit (GPU) workloads. The facility features a high-efficiency smart fan wall unit cooling system and is designed to support liquid cooling technology. It also includes high redundancy backup systems to ensure uninterrupted computing operations and continuous business services. The center is optimized for energy efficiency with Thailand's best-in-class Power Usage Effectiveness (PUE) and houses a Data Center Innovation Lab for testing and developing new solutions across various industries. This AI Hyperscale Data Center also plays a critical role in supporting the digital transformation of industries, especially Thailand's New S-Curve industries, such as electric vehicles (EV), digital health and medical services, smart agriculture, fintech and digital finance, digital content, and the creative economy. All of these sectors rely heavily on massive data processing and high-performance computing. Having a modern domestic digital infrastructure empowers these industries to maximize their competitiveness without relying heavily on foreign data infrastructure.
Yahoo
23-05-2025
- Business
- Yahoo
"CP Group," through "True IDC," Launches Thailand's First AI Hyperscale Data Center, Elevating Digital Infrastructure into the Giga Data Center Era and Advancing Thailand as the Digital Hub of ASEAN
BANGKOK, May 23, 2025 /PRNewswire/ -- True Internet Data Center (True IDC), a leading data center and cloud service provider under Charoen Pokphand Group (CP), officially launched Thailand's first AI Hyperscale Data Center, reinforcing its commitment to advancing the nation's digital infrastructure to support the new economy and positioning Thailand as the digital hub of ASEAN. Mr. Suphachai Chearavanont, Chief Executive Officer of Charoen Pokphand Group, stated that the launch of this AI Hyperscale Data Center marks a significant milestone in Thailand's entry into the Giga Data Center era. Digital infrastructure not only supports technological advancement, but also serves as a key mechanism for driving the country's new economy—benefiting both businesses and citizens. It enhances Thailand's global competitiveness and readiness for the AI-driven future at both national and regional levels. Moreover, this data center investment fosters knowledge transfer for the Thai people. "To enable everyone—individuals, companies, and industries—to access AI and cloud technology, a fundamental requirement is a robust data center. This development brings immense benefits to Thailand and its industries, and contributes to the broader region by establishing Thailand as a regional hub while fostering domestic digital research and development." stated by Mr. Suphachai. Mr. Narit Therdsteerasukdi, Secretary General of the Board of Investment (BOI), added "I would like to extend my congratulations to True IDC on the launch of its new data center. This is a historic moment for a Thai company to develop hyperscale digital infrastructure. This data center will play a crucial role in elevating Thailand into a digital economic hub of the region, supported by a strong digital ecosystem and enhanced attractiveness for investment in digital and technology-driven industries." Mr. Thanasorn Jaidee, President of True IDC, shared, "This new AI Hyperscale Data Center sets a new benchmark for Thailand's data center industry in terms of technology, engineering, and sustainability. It is designed to handle hyperscale workloads and clients with architecture tailored for the digital era—especially industries powered by data, cloud, and AI. This foundation enhances Thailand's capability to independently and securely develop advanced technologies." This AI Hyperscale Data Center is purpose-built for AI processing and large-scale workloads, equipped with over 20 megawatts of power capacity to support high-performance and stable computing, including Graphic Processing Unit (GPU) workloads. The facility features a high-efficiency smart fan wall unit cooling system and is designed to support liquid cooling technology. It also includes high redundancy backup systems to ensure uninterrupted computing operations and continuous business services. The center is optimized for energy efficiency with Thailand's best-in-class Power Usage Effectiveness (PUE) and houses a Data Center Innovation Lab for testing and developing new solutions across various industries. This AI Hyperscale Data Center also plays a critical role in supporting the digital transformation of industries, especially Thailand's New S-Curve industries, such as electric vehicles (EV), digital health and medical services, smart agriculture, fintech and digital finance, digital content, and the creative economy. All of these sectors rely heavily on massive data processing and high-performance computing. Having a modern domestic digital infrastructure empowers these industries to maximize their competitiveness without relying heavily on foreign data infrastructure. View original content to download multimedia: SOURCE True Internet Data Center Co., LTD. (True IDC)
