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Delta Forge 2 contracted capacity and revenue

Company: Applied Digital - Project: Delta Forge 2

Subject kind
customer
Statement date
2026-07-28
Promised by
2028-06-30
Promised amount
5200.0 USD
Current status
stated

The claim, verbatim

Delta Forge 2 - 210 MW critical IT load contracted under 15-year lease with high investment-grade hyperscaler, representing approximately $5.2 billion of contracted revenue, expected delivery 1H 2028

Source (primary)

Applied Digital 10-K filed 2026-07-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗

Quote: “The full 210 MW of critical IT load is contracted under an approximately 15-year lease (with three five-year renewal options) with a high investment-grade hyperscaler, representing approximately $5.2 billion of contracted revenue over the base term, with expected delivery in the first half of calendar year 2028.”

How we checked this

Attempted on September 14, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

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: “The full 210 MW of critical IT load is contracted under an approximately 15-year lease (with three five-year renewal options) with a high investment-grade hyperscaler, representing approximately $5.2 billion of contracted revenue over the base term, with expected delivery in the first half of calendar year 2028.”

View cached copy (2026-08-30)Live source ↗