High Investment Grade Hyperscaler Delta Forge 2 lease
Company: Applied Digital - Project: Delta Forge 2
The claim, verbatim
Applied Digital signed one 15-year lease with three 5-year renewal options for 1 building at Delta Forge 2 with a U.S. based High Investment-Grade Hyperscaler, utilizing 210 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 one 15-year lease with three 5-year options for 1 building at Delta Forge 2, utilizing 210 MW of IT load”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The 2026 company timeline states the single 15-year lease with three 5-year options for one Delta Forge 2 building at 210 MW, and the Delta Forge 2 slide repeats the same figures and counterparty description.
Confirmed in the source:
- Applied Digital signed one lease for 1 building at Delta Forge 2 with a U.S.-based high investment grade hyperscaler
- The Delta Forge 2 lease has a 15-year base term with three 5-year renewal options
- The Delta Forge 2 lease covers 210 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 one 15-year lease with three 5-year options for 1 building at Delta Forge 2, utilizing 210 MW of IT load”