Delta Forge 2 delivery and contracted revenue
Company: Applied Digital - Project: Delta Forge 2
The claim, verbatim
Delta Forge 2, 210 MW campus under construction, contracted under 15-year lease with high investment-grade hyperscaler for $5.2 billion contracted revenue over 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: “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
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Additional evidence
confirms View 10-K
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”