Polaris Forge 1 total contracted lease revenue ~$11B
Company: Applied Digital
The claim, verbatim
Total anticipated contracted lease revenue for Polaris Forge 1 is about $11 billion over roughly 15-year terms. This includes $7 billion from the first two leases executed in May 2025.
Source (primary)
applied-digital 8-K exhibit (apldq126earningsrelease.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-29)Live source ↗
Quote: “brings Applied Digital's total anticipated contracted lease revenue for Polaris Forge 1 to approximately $11 billion, which includes $7 billion in revenue from the initial two approximately 15-year leases executed in May of this year”
How we checked this
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Additional evidence
confirms applied-digital 8-K exhibit (apldq126earningsrelease.htm)
Quote: “brings Applied Digital's total anticipated contracted lease revenue for Polaris Forge 1 to approximately $11 billion, which includes $7 billion in revenue from the initial two approximately 15-year leases executed in May of this year”