Investment-grade hyperscaler tenant at PF3/DF1/DF2
Company: Applied Digital - Project: Delta Forge 2
The claim, verbatim
Polaris Forge 3, Delta Forge 1 and Delta Forge 2 share a lease customer that is an investment-grade hyperscaler.
Source (primary)
Needham cuts Applied Digital price target to $70 on regulatory and financing risk - Yahoo Finance (-, news_article)
View cached copy (2026-10-09)Live source ↗Archive.org ↗
Quote: “which share a lease customer—an investment-grade hyperscaler”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The article says the three campuses share a lease customer described as an investment-grade hyperscaler.
Confirmed in the source:
- Polaris Forge 3, Delta Forge 1 and Delta Forge 2 share a lease customer
- That shared lease customer is an investment-grade hyperscaler
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/needham-cuts-applied-digital-price-141452666.html) in full (8,735 characters, retrieved October 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Needham cuts Applied Digital price target to $70 on regulatory and financing risk - Yahoo Finance
Quote: “which share a lease customer—an investment-grade hyperscaler”