300 MW lease at Polaris Forge 3 with $7.5B contracted revenue
Company: Applied Digital
The claim, verbatim
15-year take-or-pay lease for 300 MW at Polaris Forge 3 with $7.5 billion in base-term contracted revenue, operations expected to commence calendar year 2027
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “Signed a second 15-year take-or-pay lease with the same high investment-grade hyperscaler for 300 MW at Polaris Forge 3, which provides for approximately $7.5 billion in base-term contracted revenue, with initial operations expected to commence during calendar year 2027.”
How we checked this
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Additional evidence
confirms Earnings Release
Quote: “Signed a second 15-year take-or-pay lease with the same high investment-grade hyperscaler for 300 MW at Polaris Forge 3, which provides for approximately $7.5 billion in base-term contracted revenue, with initial operations expected to commence during calendar year 2027.”