Delta Forge 2 lease contracted revenue
Company: Applied Digital - Project: Delta Forge 2
The claim, verbatim
The Delta Forge 2 lease guarantees approximately $5.2 billion in base-term contracted revenue, with potential to reach $12.7 billion if all renewal options are exercised over 30 years
Source (primary)
Tiger Global Takes New Position In Applied Digital (NASDAQ: APLD) As AI Data Center Demand Surges - foreignpolicyjournal.com (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “The take-or-pay lease structure guarantees approximately $5.2 billion in base-term contracted revenue, with the potential to reach $12.7 billion if all renewal options are exercised over a 30-year total term.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states the take-or-pay lease guarantees ~$5.2 billion in base-term revenue, up to $12.7 billion over a 30-year total term.
Confirmed in the source:
- The Delta Forge 2 lease guarantees approximately $5.2 billion in base-term contracted revenue
- The lease could reach $12.7 billion if all renewal options are exercised over a 30-year total term
What we did: Read our cached copy of the publisher (https://www.foreignpolicyjournal.com/2026/08/20/tiger-global-takes-new-position-in-applied-digital-nasdaq-apld-as-ai-data-center-demand-surges/) in full (3,156 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Tiger Global Takes New Position In Applied Digital (NASDAQ: APLD) As AI Data Center Demand Surges - foreignpolicyjournal.com
Quote: “The take-or-pay lease structure guarantees approximately $5.2 billion in base-term contracted revenue, with the potential to reach $12.7 billion if all renewal options are exercised over a 30-year total term.”