🔹 Revenue: $38.0 M (Est. $37.1 M) 🟢; −13% YoY
🔹 Adj. EPS: −$0.03 (Est. −$0.16) 🟢; UP +94% YoY
🔹 Adjusted EBITDA: $1.0 M
Recent Operational Wins
🔹 Signed 15‑year leases with CoreWeave for 250 MW (add’l 150 MW option exercised), unlocking ~$11 B contracted revenue over lease terms
🔹 Raised $268.9 M post‑year via ATM equity and Series G preferred share sales
CEO Commentary
🔸 “These long‑term leases mark a defining moment for Polaris Forge 1, one of North America’s most ambitious data center projects…” – Wes Cummins
🔸 “Building on the momentum from these leases and the surging demand for AI infrastructure, we’ve streamlined our processes and reduced projected build times from 24 to 12–14 months…” – Wes Cummins