PF3, Delta Forge 1 and 2 leased to Tier 1 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 (article states 150-year terms).
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 sites are leased to the same Tier 1 investment-grade hyperscaler on take-or-pay leases. The claim correctly notes that the 150-year term is the article's own wording.
Confirmed in the source:
- Polaris Forge 3, Delta Forge 1 and Delta Forge 2 are all leased to the same Tier 1 investment-grade hyperscaler
- The leases are take-or-pay
- The article describes the leases as 150-year leases
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.”