200 MW leased to U.S.-Based Investment Grade Hyperscaler at Polaris Forge 2
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
Polaris Forge 2 has leased 200 MW of critical IT capacity, currently under construction, to a U.S.-Based Investment Grade Hyperscaler.
Source (primary)
applied-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-26)Live source ↗
Quote: “The Polaris Forge 2 campus has leased 200 MW of critical IT capacity, currently under construction, to a U.S.-Based Investment Grade Hyperscaler”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The release states this lease directly.
Confirmed in the source:
- Polaris Forge 2 has leased 200 MW of critical IT capacity
- That capacity is currently under construction
- The lessee is a U.S.-Based Investment Grade Hyperscaler
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000149315225021955/ex99-1.htm) in full (9,989 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (ex99-1.htm)
Quote: “The Polaris Forge 2 campus has leased 200 MW of critical IT capacity, currently under construction, to a U.S.-Based Investment Grade Hyperscaler”