Total contracted lease revenue for Polaris Forge 1
Company: Applied Digital
The claim, verbatim
Total anticipated contracted lease revenue for Polaris Forge 1 approximately $11 billion, including $7 billion from two approximately 15-year leases executed in May
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
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Quote: “This new lease agreement with CoreWeave brings Applied Digital's total anticipated contracted lease revenue for Polaris Forge 1 to approximately $11 billion, which includes $7 billion in revenue from the initial two approximately 15-year leases executed in May of this year”
How we checked this
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Additional evidence
confirms Earnings Release
Quote: “This new lease agreement with CoreWeave brings Applied Digital's total anticipated contracted lease revenue for Polaris Forge 1 to approximately $11 billion, which includes $7 billion in revenue from the initial two approximately 15-year leases executed in May of this year”