Polaris Forge 2 hyperscaler lease
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
15-year lease with 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 (2026-09-22)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 26, 2026. The cited source supports every part of this claim.
The article directly describes a 15 year lease with an investment grade hyperscaler for 200 MW at Polaris Forge 2.
Confirmed in the source:
- The lease has a 15-year term
- The lease counterparty is an investment-grade hyperscaler
- The lease covers 200 MW of capacity
- The lease is at Polaris Forge 2
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) in full (16,929 characters, retrieved September 22, 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”