Overview
- The AI data center market is projected to grow at a 31.6% CAGR from $236.4 billion in 2025 to $933.8 billion in 2030.
- Applied Digital’s Polaris Forge 1 campus has begun operations, with the first 100‑megawatt data center online as the initial building in a multistructure campus.
- Polaris Forge 1 is slated to reach 400 megawatts by 2027 and is fully contracted to CoreWeave for roughly $11 billion in lease revenue over 15 years.
- Applied Digital also signed a 15‑year lease for 200 megawatts at Polaris Forge 2 with a U.S. investment‑grade hyperscaler, taking contracted capacity across two North Dakota campuses to 600 megawatts and about $16 billion in prospective lease revenue under terms described as effectively non‑cancellable.
- Astera Labs supplies high‑speed connectivity solutions that move data among GPUs, CPUs, memory, and networking gear inside modern AI data centers.