15-year hyperscaler lease at Polaris Forge 2
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
Signed a 15-year lease with a U.S. investment-grade hyperscaler for 200 MW at Polaris Forge 2
Source (primary)
TeraWulf Falls 5% as AI Infrastructure Names Extend a Month-Long Slide; IREN Drops 4%, Applied Digital Declines 3% - 24/7 Wall St. (-, news_article)
View cached copy (2026-09-19)Live source ↗
Quote: “signed a 15-year lease with a U.S. 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 states that Applied Digital signed a 15-year lease with a U.S. investment-grade hyperscaler for 200 MW at Polaris Forge 2.
Confirmed in the source:
- Applied Digital signed a 15-year lease
- The lessee is a U.S. investment-grade hyperscaler
- The lease covers 200 MW
- The lease is at Polaris Forge 2
What we did: Read our cached copy of the publisher (https://247wallst.com/investing/2026/09/15/terawulf-falls-5-as-ai-infrastructure-names-extend-a-month-long-slide-iren-drops-4-applied-digital-declines-3/) in full (14,146 characters, retrieved September 19, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf Falls 5% as AI Infrastructure Names Extend a Month-Long Slide; IREN Drops 4%, Applied Digital Declines 3% - 24/7 Wall St.
Quote: “signed a 15-year lease with a U.S. investment-grade hyperscaler for 200 MW at Polaris Forge 2”