Total leased capacity 600 MW / $16B
Company: Applied Digital
The claim, verbatim
Combined leases bring total leased capacity to 600 MW and aggregate prospective lease revenue to approximately $16 billion before renewal options.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-10-08)Live source ↗Archive.org ↗
Quote: “these lease agreements bring total leased capacity to 600 MW and aggregate prospective lease revenue to approximately $16 billion before exercise of any renewal options”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The release states that the two lease agreements bring total leased capacity to 600 MW and aggregate prospective lease revenue to about $16 billion before any renewal options.
Confirmed in the source:
- Applied Digital's combined hyperscaler leases (CoreWeave at Polaris Forge 1 and a U.S. investment-grade hyperscaler at Polaris Forge 2) bring total leased capacity to 600 MW
- Aggregate prospective lease revenue from these leases is approximately $16 billion
- The $16 billion figure is before exercise of any renewal options
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/142/applied-digital-reports-fiscal-second-quarter-2026-results/) in full (45,597 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “these lease agreements bring total leased capacity to 600 MW and aggregate prospective lease revenue to approximately $16 billion before exercise of any renewal options”