300 MW take-or-pay lease at Delta Forge 1
Company: Applied Digital - Project: Delta Forge 1
The claim, verbatim
Signed a 15-year take-or-pay lease with a high investment-grade hyperscaler for 300 MW at Delta Forge 1 in Boyce, Louisiana, providing approximately $7.5 billion in base-term contracted revenue with initial operations expected in calendar year 2027
Source (primary)
applied-digital 8-K exhibit (apldq426earningsreleaseasf.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-02)Live source ↗
Quote: “Signed a 15-year take-or-pay lease with a new U.S. based, high investment-grade hyperscaler for 300 megawatts ("MW") of critical IT load at Delta Forge 1, a new AI Factory campus in Boyce, Louisiana. The lease provides for approximately $7.5 billion in base-term contracted revenue, with initial operations expected to commence calendar year 2027.”
How we checked this
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Additional evidence
confirms applied-digital 8-K exhibit (apldq426earningsreleaseasf.htm)
Quote: “Signed a 15-year take-or-pay lease with a new U.S. based, high investment-grade hyperscaler for 300 megawatts ("MW") of critical IT load at Delta Forge 1, a new AI Factory campus in Boyce, Louisiana. The lease provides for approximately $7.5 billion in base-term contracted revenue, with initial operations expected to commence calendar year 2027.”