Data center facility leases with terms
Company: Applied Digital - Project: Delta Forge 2
The claim, verbatim
The contracted portfolio includes Polaris Forge 1, 2, and 3, and Delta Forge 1 and 2, with 15-year take-or-pay lease terms
Source (primary)
Applied Digital Named One Of Wells Fargo Top Ideas — Analyst Highlights Backlog Quality, Power Advantage And Valuation Discount - Stocktwits (-, news_article)
View cached copy (2026-09-22)Live source ↗
Quote: “The portfolio includes Polaris Forge 1, 2, and 3, as well as Delta Forge 1 and 2. The leases carry initial 15-year terms and are structured on a take-or-pay basis.”
How we checked this
Checked on September 26, 2026. The cited source supports every part of this claim.
The article names these facilities. It says the leases carry initial 15-year terms and are structured on a take-or-pay basis.
Confirmed in the source:
- Applied Digital's contracted portfolio includes Polaris Forge 1, 2 and 3 and Delta Forge 1 and 2
- The leases carry initial 15-year terms
- The leases are structured on a take-or-pay basis
What we did: Read our cached copy of the publisher (https://stocktwits.com/news-articles/markets/equity/applied-digital-named-one-of-wells-fargo-top-ideas-analyst-highlights-backlog-quality-power-advantage-and-valuation-discount/cZtruOgRBdX) in full (4,942 characters, retrieved September 22, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Named One Of Wells Fargo Top Ideas — Analyst Highlights Backlog Quality, Power Advantage And Valuation Discount - Stocktwits
Quote: “The portfolio includes Polaris Forge 1, 2, and 3, as well as Delta Forge 1 and 2. The leases carry initial 15-year terms and are structured on a take-or-pay basis.”