Polaris Forge 2 hyperscaler lease negotiations
Company: Applied Digital
The claim, verbatim
In advanced discussions with an investment-grade hyperscaler for Polaris Forge 2, aligned on many key lease terms; the customer would hold a right of first refusal on the full 1 GW, and the initial 200 MW would bring total leased capacity to 600 MW.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-29)Live source ↗
Quote: “We are currently in advanced discussions with an investment-grade hyperscaler and have aligned on many of the key lease terms with them.”
How we checked this
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Additional evidence
confirms Earnings Release
Quote: “We are currently in advanced discussions with an investment-grade hyperscaler and have aligned on many of the key lease terms with them.”