Delta Forge 2 hyperscaler lease
Company: Applied Digital - Project: Delta Forge 2
The claim, verbatim
Signed a 210 MW, 15-year lease at Delta Forge 2 with an investment-grade hyperscaler, representing about $5.2 billion of contracted base-term revenue.
Source (primary)
Applied Digital: Q1 Revenue Surges 322% To $341.9 Million - Pulse 2.0 (-, news_article)
View cached copy (2026-10-15)Live source ↗Archive.org ↗
Quote: “the company signed a 210-megawatt, 15-year lease at Delta Forge 2 with an investment-grade hyperscaler. The agreement represents approximately $5.2 billion of contracted base-term revenue.”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The article states each element of this claim: the 210 MW size, the 15-year term, the investment-grade hyperscaler tenant, and the roughly $5.2 billion of contracted base-term revenue.
Confirmed in the source:
- Applied Digital signed a 210 MW lease at Delta Forge 2
- The Delta Forge 2 lease has a 15-year term
- The Delta Forge 2 lease counterparty is an investment-grade hyperscaler
- The Delta Forge 2 lease represents approximately $5.2 billion of contracted base-term revenue
What we did: Read our cached copy of the publisher (https://pulse2.com/applied-digital-q1-revenue-surges-322-to-341-9-million/) in full (2,817 characters, retrieved October 15, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital: Q1 Revenue Surges 322% To $341.9 Million - Pulse 2.0
Quote: “the company signed a 210-megawatt, 15-year lease at Delta Forge 2 with an investment-grade hyperscaler. The agreement represents approximately $5.2 billion of contracted base-term revenue.”