Hardik Shah
2026.06.22 20:35

๐Ÿ“ข ๐‰๐”๐’๐“ ๐ˆ๐: MDU Signs Power Agreement for $Applied Digital(APLD.US) Applied Digital's 430 MW AI Data Center

๐Ÿ‘‰ ๐Š๐ž๐ฒ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:

โžค ๐Œ๐จ๐ง๐ญ๐š๐ง๐š-๐ƒ๐š๐ค๐จ๐ญ๐š ๐”๐ญ๐ข๐ฅ๐ข๐ญ๐ข๐ž๐ฌ signed an electric service agreement with ๐€๐ฉ๐ฉ๐ฅ๐ข๐ž๐ ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ.

โžค Agreement supports the proposed ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐…๐จ๐ซ๐ ๐ž ๐Ÿ‘ AI data center near Center, North Dakota.

โžค The campus is expected to require up to ๐Ÿ’๐Ÿ‘๐ŸŽ ๐Œ๐– of electricity at full capacity.

โžค Applied Digital will purchase power directly from energy markets or other supply sources.

โžค Initial operations at Polaris Forge 3 are expected to begin in ๐€๐ฎ๐ ๐ฎ๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ•.

โžค The agreement remains subject to approval by the ๐๐จ๐ซ๐ญ๐ก ๐ƒ๐š๐ค๐จ๐ญ๐š ๐๐ฎ๐›๐ฅ๐ข๐œ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐‚๐จ๐ฆ๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง.

โžค Applied Digital previously signed a ๐Ÿ๐Ÿ“-๐ฒ๐ž๐š๐ซ lease with an investment-grade U.S. hyperscaler for the site.

โžค The project is expected to create approximately ๐Ÿ๐ŸŽ๐ŸŽ ๐Ÿ๐ฎ๐ฅ๐ฅ-๐ญ๐ข๐ฆ๐ž jobs and generate local tax revenue.

โžค MDU currently serves Applied Digital's ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐…๐จ๐ซ๐ ๐ž ๐Ÿ facility near Ellendale.

โžค That partnership has returned ๐š๐›๐จ๐ฎ๐ญ $๐Ÿ‘๐Ÿ–.๐Ÿ’ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง to North Dakota customers over three years.

๐Ÿ‘‰ ๐–๐ก๐ฒ ๐ˆ๐ญ ๐Œ๐š๐ญ๐ญ๐ž๐ซ๐ฌ:

โžค The deal highlights rising ๐€๐ˆ ๐๐š๐ญ๐š ๐œ๐ž๐ง๐ญ๐ž๐ซ power demand across the U.S.

โžค A ๐Ÿ’๐Ÿ‘๐ŸŽ ๐Œ๐– campus would rank among the region's largest energy-consuming projects.

โžค Long-term hyperscaler demand supports Applied Digital's AI infrastructure expansion strategy.

๐Ÿ‘‰ ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ ๐’๐ญ๐š๐ญ๐ž๐ฆ๐ž๐ง๐ญ:

โžค "The campus is expected to create approximately 200 full-time jobs and generate property tax revenue for Oliver County." โ€” ๐–๐ž๐ฌ ๐‚๐ฎ๐ฆ๐ฆ๐ข๐ง๐ฌ, Chairman and CEO of Applied Digital.

โžค "The project reflects growing interest in North Dakota among large energy users, and we are committed to serving these customers in a manner that benefits communities and supports the regional grid." โ€” ๐๐ข๐œ๐จ๐ฅ๐ž ๐Š๐ข๐ฏ๐ข๐ฌ๐ญ๐จ, President and CEO of MDU Resources.

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