Investment grade hyperscaler 200 MW lease at Polaris Forge 2
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
Signed lease with investment grade hyperscaler at Polaris Forge 2 in Harwood, North Dakota for 200 MW critical IT load
Source (primary)
Five leases lifted Applied Digital (APLD)'s initial-term contracted revenue beyond $7 billion. - Stock Titan (-, news_article)
View cached copy (2026-09-26)Live source ↗Archive.org ↗
Quote: “signed a lease with an investment grade hyperscaler at our Polaris Forge 2 campus in Harwood, North Dakota, for 200 MW of critical IT load”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The CEO letter and performance highlights both describe this 200 MW lease with an investment grade hyperscaler at Polaris Forge 2 in Harwood.
Confirmed in the source:
- Applied Digital signed a lease with an investment grade hyperscaler at its Polaris Forge 2 campus
- Polaris Forge 2 is in Harwood, North Dakota
- The lease covers 200 MW of critical IT load
What we did: Read our cached copy of the publisher (https://www.stocktitan.net/sec-filings/APLD/def-14a-applied-digital-corp-definitive-proxy-statement-295e8d7c8256.html) in full (290,241 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Five leases lifted Applied Digital (APLD)'s initial-term contracted revenue beyond $7 billion. - Stock Titan
Quote: “signed a lease with an investment grade hyperscaler at our Polaris Forge 2 campus in Harwood, North Dakota, for 200 MW of critical IT load”