Delta Forge 2 15-year take-or-pay hyperscaler lease, ~$5.2B
Company: Applied Digital - Project: Delta Forge 2
The claim, verbatim
Delta Forge 2's full 210 MW is leased to a US-based high investment-grade hyperscaler under an approximately 15-year take-or-pay agreement with three five-year renewal options, valued at about $5.2 billion for the initial term and about $12.7 billion if all renewals are exercised.
Source (primary)
Applied Digital Alabama Data Center Is Confirmed, but Brookwood Still Has Questions - remio (-, news_article)
View cached copy (2026-09-28)Live source ↗Archive.org ↗
Quote: “Applied Digital values the initial lease term at approximately $5.2 billion. The company says its value would reach roughly $12.7 billion if every renewal option were exercised.”
How we checked this
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Additional evidence
confirms Applied Digital Alabama Data Center Is Confirmed, but Brookwood Still Has Questions - remio
Quote: “Applied Digital values the initial lease term at approximately $5.2 billion. The company says its value would reach roughly $12.7 billion if every renewal option were exercised.”