Delta Forge 2 hyperscaler lease - 210 MW, $5.2B contracted
Company: Applied Digital - Project: Delta Forge 2
The claim, verbatim
Signed 15-year take-or-pay lease with same high investment-grade hyperscaler for 210 MW at Delta Forge 2 providing approximately $5.2 billion in base-term contracted revenue, with initial operations expected first half calendar year 2028.
Source (primary)
EX-99.1 (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗
Quote: “Signed a third 15-year take-or-pay lease with the same high investment-grade hyperscaler for 210 MW at Delta Forge 2 (fifth AI Factory campus, third consecutive with this customer) in a new southern state. The lease provides for approximately $5.2 billion in base-term contracted revenue, with initial operations expected in the first half of calendar 2028.”
How we checked this
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Additional evidence
confirms EX-99.1
Quote: “Signed a third 15-year take-or-pay lease with the same high investment-grade hyperscaler for 210 MW at Delta Forge 2 (fifth AI Factory campus, third consecutive with this customer) in a new southern state. The lease provides for approximately $5.2 billion in base-term contracted revenue, with initial operations expected in the first half of calendar 2028.”