Delta Forge 2 Lease (210 MW)
Company: Applied Digital - Project: Delta Forge 2
The claim, verbatim
Signed a 15-year take-or-pay lease for 210 MW at Delta Forge 2 with the same high investment-grade hyperscaler with approximately $5.2 billion in base-term contracted revenue, with initial operations expected in the first half of calendar year 2028.
Source (primary)
View PDF (IR page (ir.applieddigital.com), ir_release)
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.”
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Additional evidence
confirms View PDF
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.”