Hyperscaler leases at Polaris Forge 2
Company: Applied Digital
The claim, verbatim
Signed two 15-year leases with two 5-year options with a U.S.-based investment-grade hyperscaler for 2 buildings at Polaris Forge 2 (Harwood, ND), utilizing 200 MW of critical IT load; base-term value $4.8B.
Source (primary)
Investor Presentation (IR page (ir.applieddigital.com), ir_presentation)
View cached copy (2026-09-29)Live source ↗Archive.org ↗
Quote: “U.S. Based Investment-Grade Hyperscaler - Signed two 15-year leases with two 5- year options for 2 buildings at Polaris Forge 2, utilizing 200 MW of Critical IT load”
How we checked this
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Additional evidence
confirms Investor Presentation
Quote: “U.S. Based Investment-Grade Hyperscaler - Signed two 15-year leases with two 5- year options for 2 buildings at Polaris Forge 2, utilizing 200 MW of Critical IT load”