Data Center Construction in North Dakota

Applied Digital (NASDAQ: APLD) is developing a ground-up data center campus on 600 acres in North Dakota, with operations expected to begin in August 2027. The company, which has been transitioning from crypto mining to AI/HPC data center services, is experiencing a massive revenue backlog escalation indicating strong demand for its capacity. This large-scale greenfield development in North Dakota

Applied Digital has invested approximately $5 billion total in its Ellendale, ND data center campus, not including customer equipment. The campus began with a $180M, 180MW blockchain center in 2022 and added its first AI data center, which opened last fall. An expansion should open later this year with a second expansion next year. Currently 1,900 construction workers are on site in Ellendale. The

Applied Digital has secured a $300 million bridge loan to fund its AI data center at the Polaris Forge 1 campus in North Dakota. The company is a relatively newer entrant focused on high-performance computing and AI infrastructure, distinguishing it from traditional colocation incumbents. The significant financing signals strong momentum and investor confidence in Applied Digital's ability to deli