Hyperscaler leases at Delta Forge 1
Company: Applied Digital - Project: Delta Forge 1
The claim, verbatim
Signed two 15-year leases with three 5-year options with a U.S.-based high investment grade hyperscaler for 2 buildings at Delta Forge 1 (Boyce, LA), 300 MW of IT load; base-term value ~$7.5B.
Source (primary)
Investor Presentation (IR page (ir.applieddigital.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “U.S. Based High Investment Grade Hyperscaler - Signed two 15-year leases with three 5-year options for 2 buildings at Delta Forge 1, utilizing 300 MW of IT load”
How we checked this
Checked on October 8, 2026. The cited source supports every part of this claim.
The timeline, campus pages and lease table together establish the counterparty type, terms, location, capacity and $7.5B base-term value.
Confirmed in the source:
- Two 15-year leases were signed with a U.S.-based high investment grade hyperscaler
- The leases carry three 5-year options
- The leases cover 2 buildings at Delta Forge 1
- Delta Forge 1 is in Boyce, Louisiana
- The leases cover 300 MW of IT load
- Base-term value is about $7.5B
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/_assets/_2ca3a6fc58e47f662a7c51ed55b80806/appliedblockchaininc/db/2905/27269/pdf/APLD_INV_June2026_Updated-compressed.pdf) in full (47,679 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “U.S. Based High Investment Grade Hyperscaler - Signed two 15-year leases with three 5-year options for 2 buildings at Delta Forge 1, utilizing 300 MW of IT load”