Hyperscaler Leasing Negotiations
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Applied Digital continues negotiations with multiple US-based hyperscalers to lease up to 400 MW of capacity at the Ellendale HPC campus and two forthcoming buildings.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “Applied Digital continues negotiations with multiple US-based hyperscalers to lease up to 400 MW of capacity, inclusive of the Ellendale HPC data center under construction and two forthcoming buildings at the Ellendale Campus.”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The release states the ongoing hyperscaler lease negotiations for up to 400 MW across the Ellendale campus buildings.
Confirmed in the source:
- Applied Digital continues negotiations with multiple US-based hyperscalers
- The negotiations cover leasing up to 400 MW of capacity, including the Ellendale HPC data center under construction and two forthcoming buildings at the Ellendale Campus
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/121/applied-digital-reports-fiscal-third-quarter-2025-results/) in full (33,151 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Applied Digital continues negotiations with multiple US-based hyperscalers to lease up to 400 MW of capacity, inclusive of the Ellendale HPC data center under construction and two forthcoming buildings at the Ellendale Campus.”