Delta Forge 1 customer leases
Company: Applied Digital - Project: Delta Forge 1
What the later record shows
Not a promise: a reported event · happened April 23, 2026
The claim reports leases already entered before the statement date. The 10-K body dates the two subsidiary leases April 20 and April 22, 2026, and an October 2026 presentation confirms the two signed leases for 300 MW at Delta Forge 1.
“On April 23, 2026, we entered into two approximately 15-year leases with a second U.S.-based investment-grade hyperscaler for an aggregate 300 MW of critical IT load at the campus.”
2026-07-29 · View 10-K View cached copy (2026-09-01)Live source ↗Archive.org ↗
“On April 20, 2026 and April 22, 2026, APLD AEX-01 LLC and APLD AEX-02 LLC, respectively, each a subsidiary of the Company, entered into separate data center leases with a second U.S.-based investment-grade hyperscaler”
2026-07-29 · View 10-K View cached copy (2026-09-01)Live source ↗Archive.org ↗
“Signed two 15-year leases with three 5-year options for 2 buildings at Delta Forge 1, utilizing 300 MW of IT load”
2026-10-08 · Investor Presentation View cached copy (2026-10-08)Live source ↗Archive.org ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
On April 23, 2026, Applied Digital entered into two approximately 15-year leases with a second U.S.-based investment-grade hyperscaler for an aggregate 300 MW of critical IT load at Delta Forge 1.
Source (primary)
Applied Digital 10-K filed 2026-07-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗
Quote: “On April 23, 2026, we entered into two approximately 15-year leases with a second U.S.-based investment-grade hyperscaler for an aggregate 300 MW of critical IT load at the campus.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The business section states this directly. The MD&A section separately dates the leases April 20 and April 22, 2026.
Confirmed in the source:
- On April 23, 2026, Applied Digital entered into two approximately 15-year leases with a second U.S.-based investment-grade hyperscaler
- The leases cover an aggregate 300 MW of critical IT load at Delta Forge 1
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: “On April 23, 2026, we entered into two approximately 15-year leases with a second U.S.-based investment-grade hyperscaler for an aggregate 300 MW of critical IT load at the campus.”