Delta Forge 1 contracted revenue
Company: Applied Digital - Project: Delta Forge 1
The claim, verbatim
Delta Forge 1's 300 MW is contracted under two approximately 15-year leases representing approximately $7.5 billion of contracted revenue over the base term, with expected delivery beginning in the first half of 2027 through the second half of 2028.
Source (primary)
Applied Digital 10-K filed 2026-07-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗
Quote: “Delta Forge 1 | High investment-grade hyperscaler | 300 MW | 15 years | ~$7.5B | 1H27–1H28”
How we checked this
Checked on September 13, 2026. The cited source supports part of this claim, but not all of it.
The 10-K supports the 300 MW, two 15-year leases and roughly $7.5 billion of contracted revenue. Its lease table puts delivery ending in the first half of 2028, not the second half.
Confirmed in the source:
- Delta Forge 1 has 300 MW of contracted critical IT load
- The Delta Forge 1 capacity is contracted under two approximately 15-year leases
- The Delta Forge 1 leases represent approximately $7.5 billion of contracted revenue over the base term
- Expected delivery at Delta Forge 1 begins in the first half of 2027
We could not confirm this from the cited source:
- Delta Forge 1 delivery extends through the second half of 2028 (the filing's lease table shows expected delivery of 1H27–1H28, ending in the first half of 2028)
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm) in full (594,188 characters, retrieved August 30, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 10-K filed 2026-07-29
Quote: “Delta Forge 1 | High investment-grade hyperscaler | 300 MW | 15 years | ~$7.5B | 1H27–1H28”