200 MW data center capacity at Polaris Forge 2
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
Applied Digital committed to a 15-year lease providing 200 MW of AI data center capacity at Polaris Forge 2 with an investment-grade hyperscaler
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 September 24, 2026. The cited source supports every part of this claim.
The article describes the 15-year, 200 MW Polaris Forge 2 lease with an investment-grade hyperscaler as one of Applied Digital's newly signed AI data center leases.
Confirmed in the source:
- Applied Digital entered a 15-year lease
- The lease counterparty is an investment-grade hyperscaler
- The lease covers 200 MW
- The capacity is at Polaris Forge 2
- The lease is one of Applied Digital's AI data center leases
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”