High Investment Grade Hyperscaler Delta Forge 1 lease
Company: Applied Digital - Project: Delta Forge 1
The claim, verbatim
Applied Digital signed two 15-year leases with three 5-year renewal options for 2 buildings at Delta Forge 1 with a U.S. based High Investment Grade Hyperscaler, utilizing 300 MW of IT load.
Source (primary)
Investor Presentation (IR page (ir.applieddigital.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “U.S. Based High Investment Grade Hyperscaler - Signed two 15-year leases with three 5-year options for 2 buildings at Delta Forge 1, utilizing 300 MW of IT load”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The company timeline states the counterparty description, lease count, term, options, building count and megawatts, and the Delta Forge section repeats the 300 MW, 2-lease, high-investment-grade details.
Confirmed in the source:
- Applied Digital signed two leases for 2 buildings at Delta Forge 1 with a U.S.-based high investment grade hyperscaler
- The Delta Forge 1 leases have 15-year base terms with three 5-year renewal options
- The Delta Forge 1 leases cover 300 MW of IT load
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/_assets/_0d036ffb66b2bfe154912829a47150be/appliedblockchaininc/db/2905/27269/pdf/APLD_INV_June2026_Updated-compressed.pdf) in full (47,679 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “U.S. Based High Investment Grade Hyperscaler - Signed two 15-year leases with three 5-year options for 2 buildings at Delta Forge 1, utilizing 300 MW of IT load”