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Training a single AI model can consume as much power as thousands of homes use in a year, and running inference on that is even more power-heavy. A small sub-$5 billion company called MDU Resources Group (MDU) is capitalizing on that and has signed an electric service agreement with Applied Digital (APLD).
Under the agreement, Montana-Dakota Utilities Company, a subsidiary of MDU, will provide Applied Digital with the infrastructure to power the Polaris Forge 3 campus. This campus is the crown jewel in Applied Digital's rapidly expanding portfolio of "AI Factories." It is a massive, purpose-built data center campus that will sell compute to CoreWeave (CRWV).
