Polaris Forge 2 - 15-year AI data center lease with investment-grade hyperscaler
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
Applied Digital signed a 15-year lease with an investment-grade hyperscaler for 200 MW capacity at Polaris Forge 2
Source (primary)
Is Long Term AI Leases Altering The Investment Case For Applied Digital Stock (APLD)? - simplywall.st (-, news_article)
View cached copy (2026-09-18)Live source ↗
Quote: “The 15 year lease with an investment grade hyperscaler for 200 MW at Polaris Forge 2”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The article describes the 15 year lease with an investment grade hyperscaler for 200 MW at Polaris Forge 2 as an announced Applied Digital deal, which covers every element of the claim.
Confirmed in the source:
- Applied Digital has a 15-year lease with a hyperscaler
- The hyperscaler counterparty is investment grade
- The lease covers 200 MW of capacity
- The leased capacity is at Polaris Forge 2
- The lease is for AI data center capacity
What we did: Read our cached copy of the publisher (https://simplywall.st/stocks/us/software/nasdaq-apld/applied-digital/news/is-long-term-ai-leases-altering-the-investment-case-for-appl/amp) in full (8,719 characters, retrieved September 18, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Is Long Term AI Leases Altering The Investment Case For Applied Digital Stock (APLD)? - simplywall.st
Quote: “The 15 year lease with an investment grade hyperscaler for 200 MW at Polaris Forge 2”
confirms Is Long Term AI Leases Altering The Investment Case For Applied Digital Stock (APLD)? - simplywall.st
Quote: “The 15 year lease with an investment grade hyperscaler for 200 MW at Polaris Forge 2”