Delta Forge 2 contracted revenue and delivery
Company: Applied Digital
The claim, verbatim
Delta Forge 2 (210 MW) contracted for approximately $5.2 billion of revenue over 15-year base term, with expected delivery in first half 2028
Source (primary)
View 10-K (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “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
Checked on October 10, 2026. The cited source supports every part of this claim.
The 10-K gives Delta Forge 2 as 210 MW, about $5.2 billion of contracted revenue over the base term, with delivery expected in 1H 2028.
Confirmed in the source:
- Delta Forge 2 has 210 MW of contracted critical IT load
- The Delta Forge 2 contract represents approximately $5.2 billion of revenue over the 15-year base term
- Expected delivery at Delta Forge 2 is in the first half of calendar 2028
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: “representing approximately $5.2 billion of contracted revenue over the base term, with expected delivery in the first half of calendar year 2028”