Polaris Forge 2 hyperscaler prospective revenue
Company: Applied Digital
The claim, verbatim
Polaris Forge 2 hyperscaler lease expected to deliver approximately $5 billion in prospective lease revenue over lease term
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “representing approximately $5 billion of prospective lease revenue over the term of its lease”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The release states that the hyperscaler holding 200 MW at Polaris Forge 2 represents approximately $5 billion of prospective lease revenue over the term of its lease.
Confirmed in the source:
- The Polaris Forge 2 hyperscaler lease represents approximately $5 billion of prospective lease revenue
- The $5 billion figure is over the term of the lease
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/142/applied-digital-reports-fiscal-second-quarter-2026-results/) in full (45,597 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “representing approximately $5 billion of prospective lease revenue over the term of its lease”