{"schema_version":"secwatch.filing_event.v1","accession":"0001144879-25-000076","form_type":"8-K","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2025-10-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.888581+00:00","generated_at":"2026-05-17T02:41:32.206341+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Applied Digital signs $5B AI factory lease with investment-grade hyperscaler for 200MW at Polaris Forge 2","bullets":["Lease agreement with U.S. based investment-grade hyperscaler for 200MW of critical IT load at Polaris Forge 2 Campus near Harwood, ND.","Total contracted revenue of approximately $5 billion over estimated 15-year term; hyperscaler has first right of refusal for additional 800MW.","Total leased capacity across Polaris Forge 1 and 2 in North Dakota reaches 600MW with two of the world's largest hyperscalers.","Initial 200MW phase expected to come online in 2026 and reach full capacity in 2027; campus designed for 1GW expansion.","Follows recent milestones: additional 150MW CoreWeave lease and $5B AI infrastructure partnership with Macquarie Asset Management."],"urls":{"canonical":"https://secwatch.observer/filing/0001144879-25-000076","json":"https://secwatch.observer/filing/0001144879-25-000076.json","markdown":"https://secwatch.observer/filing/0001144879-25-000076.md","text":"https://secwatch.observer/filing/0001144879-25-000076.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000114487925000076/0001144879-25-000076-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000114487925000076/apld-20251022.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:41:32.206341+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}