200 MW Polaris Forge 2 hyperscaler lease
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
Signed approximately 15-year lease with U.S. investment-grade hyperscaler for 200 MW AI and HPC capacity at Polaris Forge 2, with phased delivery beginning in 2026, expected to deliver approximately $5 billion in revenue
Source (primary)
applied-digital 8-K exhibit (apldq226earningsrelease.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-22)Live source ↗
Quote: “Announced an approximately 15-year lease with a U.S. based investment-grade hyperscaler for 200MW of AI and HPC capacity at the under-construction Polaris Forge 2 campus, with phased delivery across two buildings beginning in 2026, expected to deliver approximately $5 billion in revenue.”
How we checked this
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Additional evidence
confirms applied-digital 8-K exhibit (apldq226earningsrelease.htm)
Quote: “Announced an approximately 15-year lease with a U.S. based investment-grade hyperscaler for 200MW of AI and HPC capacity at the under-construction Polaris Forge 2 campus, with phased delivery across two buildings beginning in 2026, expected to deliver approximately $5 billion in revenue.”