Polaris Forge 3, Delta Forge 1 & 2 leased to hyperscaler
Company: Applied Digital - Project: Delta Forge 2
The claim, verbatim
Polaris Forge 3, Delta Forge 1 and Delta Forge 2 are all leased to the same Tier 1 investment-grade hyperscaler on take-or-pay leases.
Source (primary)
Applied Digital Ends the Quarter With $36 Billion in Contracted Revenue as AI Moat Widens - Yahoo Finance (-, news_article)
View cached copy (2026-10-12)Live source ↗Archive.org ↗
Quote: “All three are leased to the same Tier 1 investment-grade hyperscaler on 150-year take-or-pay leases.”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The article says all three campuses are leased to the same Tier 1 investment-grade hyperscaler on take-or-pay leases.
Confirmed in the source:
- Polaris Forge 3, Delta Forge 1 and Delta Forge 2 are all leased to the same tenant
- The tenant is a Tier 1 investment-grade hyperscaler
- The leases are take-or-pay
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/technology/ai/articles/applied-digital-ends-quarter-36-193002231.html) in full (13,480 characters, retrieved October 12, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Ends the Quarter With $36 Billion in Contracted Revenue as AI Moat Widens - Yahoo Finance
Quote: “All three are leased to the same Tier 1 investment-grade hyperscaler on 150-year take-or-pay leases.”