Late-stage hyperscaler lease negotiations for Ellendale 100 MW facility
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Applied Digital is in late-stage discussions with multiple hyperscalers to finalize a lease agreement for its 100 MW facility
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “Applied Digital is in late-stage discussions with multiple hyperscalers to finalize a lease agreement for its 100 MW facility, which is currently under construction.”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The release states that the company is in late-stage discussions with multiple hyperscalers to finalize a lease for its 100 MW facility, which is under construction.
Confirmed in the source:
- Applied Digital is in late-stage discussions with multiple hyperscalers
- The discussions aim to finalize a lease agreement for its 100 MW facility
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/118/applied-digital-reports-fiscal-second-quarter-2025-results/) in full (35,889 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Applied Digital is in late-stage discussions with multiple hyperscalers to finalize a lease agreement for its 100 MW facility, which is currently under construction.”
confirms Earnings Release
Quote: “Applied Digital is in late-stage discussions with multiple hyperscalers to finalize a lease agreement for its 100 MW facility, which is currently under construction.”
confirms Earnings Release
Quote: “Applied Digital is in late-stage discussions with multiple hyperscalers to finalize a lease agreement for its 100 MW facility, which is currently under construction.”
confirms Earnings Release
Quote: “Applied Digital is in late-stage discussions with multiple hyperscalers to finalize a lease agreement for its 100 MW facility, which is currently under construction.”
confirms Earnings Release
Quote: “Applied Digital is in late-stage discussions with multiple hyperscalers to finalize a lease agreement for its 100 MW facility, which is currently under construction.”