Delta Forge 1 hyperscaler leases 300 MW
Company: Applied Digital - Project: Delta Forge 1
The claim, verbatim
Entered into two approximately 15-year leases with second U.S.-based investment-grade hyperscaler for aggregate 300 MW at Delta Forge 1
Source (primary)
View 10-K (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “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 10-K states that on April 23, 2026 the company signed two approximately 15-year leases with a second U.S.-based investment-grade hyperscaler for an aggregate 300 MW at Delta Forge 1.
Confirmed in the source:
- Applied Digital entered into two approximately 15-year leases for Delta Forge 1
- The counterparty is 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 IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000048/0001144879-26-000048.pdf) in full (630,756 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms View 10-K
Quote: “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”