Investment-grade hyperscaler 200 MW lease at Polaris Forge 2
Company: Applied Digital - Project: Polaris Forge 2
The claim, verbatim
A U.S.-based investment-grade hyperscaler has signed two 15-year leases with two 5-year renewal options for 2 buildings at Polaris Forge 2, committing to 200 MW of critical IT load
Source (primary)
applied-digital 8-K exhibit (apld_invxinvestorpresent.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-09)Live source ↗
Quote: “U.S. Based Investment-Grade Hyperscaler - Signed two 15-year leases with two 5-year options for 2 buildings at Polaris Forge 2, utilizing 200 MW of IT load”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The 2026 timeline states a U.S. based investment-grade hyperscaler signed two 15-year leases with two 5-year options for 2 buildings at Polaris Forge 2 utilizing 200 MW.
Confirmed in the source:
- A U.S.-based investment-grade hyperscaler signed two 15-year leases with two 5-year options for 2 buildings at Polaris Forge 2
- The leases commit to 200 MW of IT load
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000036/apld_invxinvestorpresent.htm) in full (35,389 characters, retrieved September 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apld_invxinvestorpresent.htm)
Quote: “U.S. Based Investment-Grade Hyperscaler - Signed two 15-year leases with two 5-year options for 2 buildings at Polaris Forge 2, utilizing 200 MW of IT load”