Applied Digital (NASDAQ: APLD) Burns Through Capital As AI Data Center Buildout Accelerates

Foreign Policy Journal

Foreign Policy Journal

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July 5, 2026

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Applied Digital (NASDAQ: APLD) Burns Through Capital As AI Data Center Buildout Accelerates

Applied Digital (NASDAQ: APLD) is pressing ahead with one of the most aggressive AI infrastructure expansion programs in the sector, simultaneously developing five AI Factory campuses across multiple locations. The active campuses include Polaris Forge 1, Polaris Forge 2, Delta Forge 1, and Delta Forge 2, with construction on a fourth building at Polaris Forge [] The post Applied Digital (NASDAQ: APLD) Burns Through Capital As AI Data Center Buildout Accelerates appeared first on Foreign Policy Journal.

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