Delta Forge 2 lease with investment-grade hyperscaler
Company: Applied Digital - Project: Delta Forge 2
The claim, verbatim
Applied Digital signed a 210 MW, 15-year take-or-pay lease with a U.S.-based investment-grade hyperscaler at Delta Forge 2, adding approximately $5.2 billion in base-term revenue, with potential to reach $12.7 billion over 30 years if all renewal options are exercised
Source (primary)
APLD Stock Surges Nearly 9% After-Hours — Here’s Why - Stocktwits (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “Applied Digital signed a 210 megawatt (MW), 15-year take-or-pay lease with a U.S.-based investment-grade hyperscaler at its Delta Forge 2 AI campus. The deal adds about $5.2 billion in base-term revenue. If all renewal options are exercised over a 30-year period, the total value rises to about $12.7 billion.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states every element of the claim: the 210 MW, 15-year take-or-pay lease with a U.S.-based investment-grade hyperscaler at Delta Forge 2, the ~$5.2B base-term revenue, and the ~$12.7B potential over 30 years.
Confirmed in the source:
- Applied Digital signed a 210 MW lease at Delta Forge 2
- The lease is a 15-year take-or-pay structure
- The counterparty is a U.S.-based investment-grade hyperscaler
- The deal adds approximately $5.2 billion in base-term revenue
- The total value rises to about $12.7 billion if all renewal options are exercised over 30 years
What we did: Read our cached copy of the publisher (https://stocktwits.com/news-articles/markets/equity/apld-stock-surges-after-hours-ai-data-center-lease-why/cZ0vSmSR7bb) in full (5,780 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms APLD Stock Surges Nearly 9% After-Hours — Here’s Why - Stocktwits
Quote: “Applied Digital signed a 210 megawatt (MW), 15-year take-or-pay lease with a U.S.-based investment-grade hyperscaler at its Delta Forge 2 AI campus. The deal adds about $5.2 billion in base-term revenue. If all renewal options are exercised over a 30-year period, the total value rises to about $12.7 billion.”