Three major campuses lease commitments
Company: Applied Digital - Project: Delta Forge 2
The claim, verbatim
Three new campuses (Delta Forge 1, Polaris Forge 3, and Delta Forge 2) represent approximately $20 billion in total lease value, all leased to one high investment-grade hyperscaler
Source (primary)
Can Applied Digital Stock Recover On Leases It Has Already Signed? - Yahoo Finance (-, news_article)
View cached copy (2026-09-22)Live source ↗
Quote: “Three new campuses, Delta Forge 1, Polaris Forge 3 and Delta Forge 2, carry about $20 billion of it, all leased to one high investment-grade hyperscaler.”
How we checked this
Checked on September 26, 2026. The cited source supports every part of this claim.
The article says the three named campuses carry about $20 billion of the contracted lease value and are all leased to one high investment-grade hyperscaler.
Confirmed in the source:
- Delta Forge 1, Polaris Forge 3 and Delta Forge 2 are three new Applied Digital campuses
- The three campuses account for approximately $20 billion of contracted lease value
- All three campuses are leased to one high investment-grade hyperscaler
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/applied-digital-stock-recover-leases-194158184.html) in full (9,760 characters, retrieved September 22, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Can Applied Digital Stock Recover On Leases It Has Already Signed? - Yahoo Finance
Quote: “Three new campuses, Delta Forge 1, Polaris Forge 3 and Delta Forge 2, carry about $20 billion of it, all leased to one high investment-grade hyperscaler.”